Another brief condor

Similar to last week I don’t expect much market action this week.   I put a SPY condor in place with the quarterly options expiring this Friday the 31st.  The puts were at S123 (buy at .19), S124 (sell-to-open at .33), and the calls at S126 (sell-to-open at .43) and S127 (buy at .16) for a net credit 0f 0.41.   Worst case loss is 0.59.   SPY was at around 125.33 at the time.

Click here to leave a comment

Leave a Comment