Home › Forums › Income Lab › SPX 3 FEB Iron Condor PLUS (475) › Reply To: SPX 3 FEB Iron Condor PLUS (475)
December 19, 2016 at 3:49 pm
#7296
IncomeLab (Old)
Participant
That’s a great question.
This trade will be profitable if SPX pulls back or grinds higher but very slowly. Our stop in this trade is around SPX at 2300.
We’re also looking at an Iron Condor Base trade but with implied volatility low we cant go out far enough out of the money to make the risk worth the reward without having to stay in the trade for longer period than we’d like.