Neutral trade on XLE (Iron Condor)
Updated
With IVR at 26 sold the Iron condor 70/73/66/62.5 on XLE with 37 Days to expiration
The Trade:
Short 70 Call
Long 73 Call
Short 66 Put
Long 62.5 Put
Credit = $1.11
55% probability of profit
The Trade:
Short 70 Call
Long 73 Call
Short 66 Put
Long 62.5 Put
Credit = $1.11
55% probability of profit
Trade closed: target reached
Nice rally today got us to the target.
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