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Wendell was asking yesterday if this is the best place to do an iron condor.

My reply was "I see a strong support around $102.79. If one was already IN a bear call spread, yes, one could leg into the bull put spread creating the condor. Otherwise, I would prob keep an eye on a long here."

Caryn S mentions she would look for a strangle "Buy near term Puts buy longer term calls" here because the US Dollar             could go up due to FOMC (dollar going up would cause FXE             to go down)
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