Neutral trade on XLE (Iron Condor)
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.
