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Time Bandit Option Traders Collect Premium in $PCLN
On 12-7-17 the Time Bandit Option Trading Newsletter service weekly webinar we discussed selling the Priceline (PCLN) the Dec 15th, 2017 Expiration (15DEC17) 1665-1775 Iron Condor for ~$1.70 with stock around $1,714.93 The short option strikes that were selected for this Iron Condor were: Buy the 1655 Put Sell the 1665 Put Sell the 1775 […]
On 12-7-17 the Time Bandit Option Trading Newsletter service weekly webinar we discussed selling the Priceline (PCLN) the Dec 15th, 2017 Expiration (15DEC17) 1665-1775 Iron Condor for ~$1.70 with stock around $1,714.93
The short option strikes that were selected for this Iron Condor were:
Buy the 1655 Put
Sell the 1665 Put
Sell the 1775 Call
Buy the 1785 Call
$PCLN made a nice run to expiration and even tested our short call strike of 1,775. Stock price made a high on expiration day of $1,775.73 but ended up having a big selloff to close at $1,760.00. This allowed our subscribers to collect the full profit of $1.70 for each Iron Condor Option Spread that they put on.
We had some subscribers who could not get in on the above IC, so in a Monday Trade update we suggested the 1682.5-1767.5 IC for about $1.90.
This gave a little more stress on expiration as the stock rallied to $1,775.73 but close well within the Iron Condor strikes to collect the full premium in even less time!