Cabot Options Institute Quant Trader – Alert (IWM)
iShares Russell 2000 ETF (IWM)
With 18 days left until expiration and our IWM iron condor worth $0.24, I want to go ahead and lock in some nice profits. We sold the iron condor for $0.75 just 13 days ago and are now able to lock in over 10% on the trade. If you choose to hold on to the trade, please be aware of the risks.
- Buy to close IWM December 16, 2022, 200 call strike
- Sell to close IWM December 16, 2022, 205 call strike
- Buy to close IWM December 16, 2022, 162 put strike
- Sell to close IWM December 16, 2022, 157 put strike…for a total of $0.24. (As always, the price of the spread can vary from the time of the alert, so please adjust accordingly.)
If you have any questions, please do not hesitate to email me at firstname.lastname@example.org.