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Traders Collect 100% of Premium in $PCLN
In our Time Bandit Option Service we covered trading the Iron Condor Option Strategy in Priceline ($PCLN). This option trading strategy realizes full profit when the stock, at expiration, closes between the two short strikes. Priceline (PCLN) sell the Jan 19th, 2018 Expiration (19JAN18) 1722.5-1812.5 Iron Condor for ~$1.70 with stock around $1,894 Buy the […]
In our Time Bandit Option Service we covered trading the Iron Condor Option Strategy in Priceline ($PCLN).
This option trading strategy realizes full profit when the stock, at expiration, closes between the two short strikes.
Priceline (PCLN) sell the Jan 19th, 2018 Expiration (19JAN18) 1722.5-1812.5 Iron Condor for ~$1.70 with stock around $1,894
Buy the 1832.5 Put
Sell the 1842.5 Put
Sell the 1950 Call
Buy the 1960 Call
The overall market had been on a pretty bullish run. $PCLN had recently filled the gap, but we knew we need to keep a pretty wide Iron Condor range on this one. The stock ran to our short strike and tested , but never closed above our short strikes. We then had a nice pull back with the market selling off a little. Knowing your support and resistance areas are critical to make this strategy work! We collected $170 for each option spread that was entered.
