Flying High in Condor Country
6 Month Pivot Chart Projects High Probability Future. The Pink Line is the Pivot. The Red Line is R2. The Green Line is S2.
The Pure SPY Condor continues to grow a profit all by itself. At this time the paper profit is $580. Given a Bullish trend a small Vertical (bull call spread) was added as insurance against additional upward movement.
This Chart show the Insurance Vertical added to the trade. If the price of the SPY remains between 117 and 107 by expiration on JA 16, the trade can net $1000.
This is an actual trade in progress, but it is not to be taken as a recommendation or solicitation for business. This Blog is solely for the sharing of information with others interested in Option Trading. Your comments and questions are welcome.
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