Option Traders Profit in $REGN with Iron Condor

Trading options is not just about direction…it is also about time.  In Regeneron Pharmaceuticals ($REGN), out Time Bandit Option Trading Service saw an opportunity for the lack of direction and the passage of time.

We analyzed this stock on March 8th, and provided our analysis to our subscribers via a live webinar.  We showed how the stock has traded down, which increase implied volatility enough to give us an opportunity to collect with the Iron Condor option strategy.  This option spread profits if the stock stays within a range.

We looked for support and resistance areas, through moving averages and stock price pivot points.  We were able to put on the spread and collect roughly $1.60 for the full Iron Condor.

The 50,100 and 200 simple moving averages are all descending as the stock has dropped from $543 back in June of 2017 to a low on February 14th of $313.53.

This low gave a nice level to use for a support area.  Our short strike was positioned just below this area and married with other support further back on the chart.

At expiration, the stock sat quietly for us and our subscribers were able to collect the full $160 per Iron Condor entered!