9/15
I sold the 115/110 120/125 Iron Condor. The IC has a slight Bullish bias because the out of the money (OTM) call spread is so close to where IBM is currently trading (119.34).
WBT SOLD -5 IRON CONDOR IBM 100 OCT 09 120/125/115/110 CALL/PUT @2.86 ISE, IBM MARK 119.37, IBM IMPL VOL 26.71%
BreakEven: (112,122)
Given that IBM has been trading in on the upper range between 115-120, there is a good chance that IBM will stay in this range or pull back. IBM has been in the 115-120 range for over two months.
The TOS analyze page shows that there is a a 20% of it staying in this range, which seems like a low probability.
0 comments:
Post a Comment