A Spread to Behold!

When the Market is Sideways, an Iron Condor can be a Great Strategy.

Expiration is JA 16th.  The Trade is Up by $505.00 Today.  If the SPY can stay between 107 and 117 a profit of $1000.00 is in sight.

"This is not a solicitation for business or an offer of professional advice.  This Blog is for the use of my close friends and those who have an interest in the machinations of the stock market."

Condors Perfect for Sideways Market

Large Wing Span in a Condor

The Bulge in the Middle Grows with Time Decay

6 Month, Daily showing Pivot Point Ranges.  White Oval is Target based on Probabilities.  Trade expires on Jan. 16th.

Weekly Pivots show expanded Range this Week.

VIX - Volatility Index is Low Suggesting Bullish Mode in Market consistent with Santa Claus Rally.  VIX is in lower level of regression channel suggesting possibility of bottoming out.  The Condor position must be defended by Careful Monitoring.  SPY must remain between 107 and 116 to be a successful trade.  At this point there appears to be a high probability of success.