Registered: Dec 2011
08-06-12 08:49 PM
Opened the Upper Legs of some November SPY Iron Condors today.
Sold 150/151 Bear Call Spreads into Resistance at 140.02.
Is 150 high enough? Time will tell.
Will now wait for a Pullback to a Higher Low in the Uptrend (around 135?), and then Open the Lower Legs.
Probably with 130/129 Bear Put Spreads, for a total Range of 20 points.
Should make 13-15% per month on the trade, if all goes according to plan.
Anyone else doing "Steady Eddie" trades like this?
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