Option Traders Bank Profit in $PCLN Iron Condors Feb 16th

on Feb 8th in  our webinar, option traders that entered the PCLN Iron Condor from Time Bandit Option Trading Service made a nice profit thanks to increased volatility.

Subscriber  jumped in Priceline (PCLN)  to sell the Feb 16th, 2018 Expiration (16FEB18) 1700-1950 Iron Condor for  around $2.50 with stock around $1838.00

This breaks down to :

Buy the 1690 Put

Sell the 1700 Put

Sell the 1950 Call

Buy the 1960 Call

With the increased implied volatility because of the market downturn, we were able to widen out the strikes of the Iron Condor.

Option Traders were able to collect 100% of the premium on these option spreads as the stock settled at $1885 on Feb. 16th.