Bonus Trade Profit Alert: SPY May Iron Condor

Wed, May 18, 2011 | Frank

Bonus Trades, Trades

For anyone who decided to participate in last month’s Bonus Trade, whereby we rolled our SPY April/May Double-Diagonal into a May iron condor, the latter position has very little premium left and can be closed for a net profit of about 23% on total capital at risk.

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Jared Woodard is a registered commodity trading advisor who specializes in trading volatility as an asset class. With over a decade of experience trading options, futures ... Read More

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