Thursday, August 16, 2012

$MA Iron Condor entry

i rarely enter iron condors from the get go, preferring credit put spreads so for this one i will go a small size.
Sell to open the Sep395/400 - 460/465 Iron Condor at $1.05 .. the puts are underneath recent lows near 405 and also underneath the rising 200 day moving average..the calls are right above the closing alltime high from May and above recent highs near 450.. Trademonster analyse tab has this iron condor at 75% probability of max profit at opex

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