We have a new Options trade up this week.
We’re selling an $IWM December 31 (weekly) Iron Condor. We’ll be short the 210 puts and 235 calls, while protecting the position $5 away in both direction with long 205 puts and 240 calls. This entire spread can be put on for about a $1.70 credit.
Check out our short video with the thought process behind these trades:
You can find the full explanation to the trade here.
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