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NaughtyPines
Feb 11, 2016 3:20 AM

XLE -- MARCH 18TH 43/47/60/64 IRON CONDOR 

SPDR Select Sector Fund - Energy Select SectorArca

Description

With an implied volatility rank of 83 and an implied volatility of 46, XLE represents a good, non earnings premium selling play here.

March 18th XLE 43/47/60/64 Iron Condor
Probability of Profit: 66%
Max Profit: 94/contract
Buying Power Effect: 306/contract

Comment

Filled for a .94 credit.

Comment

Covered today for at 50% max profit (a .47/contract debit).
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