Monthly Income Series - IWM Iron Condor

Updated

Last month our Iron Condor has expired worthless after the repair and gain the full profit for the 3rd consecutive month,
except with repaired commission cost.

This month, IWm again looks to be positioned nicely in side way, but volatility is higher this time.
So trade with care, and prepare to repair anytime, do ensure we only trade up to 10% of our margin and leave with lenty of spare cash for repair.

This month i would like to go for Iron Condor 143/145 Call 131/129 Put for premium around $0.36 for options DTE in 25 days.
DYODD.

Note

BPE for the IC so far is around $164 per contract,
so $36/$164/25 ROI is not bad.

Note

Left with 7 days to expire.
We are going to take the full profit.

Do watch closely if price go above $142, then need to do a repair.

DavidCkChoo

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