Well, bonds have been quite the talk of the town over the last week as they have been in a pretty heavy downward spiral.
But with the huge drop comes a rise in volatility and we LOVE volatility.
Since this Bond market has gone down so far so fast, as contrarians, we are going to skew this Iron Condor slightly upward (meaning the Put side is closer to the stock price than the Call side).
Meaning, we are betting that it will stay in a range but we will leave more room to the upside because we feel it is closer to reaching its lows than possibly bouncing back to some highs.
Watch this video to get the trade details.
Hope you enjoy it!
Kal
Trading Risk Disclaimer
All the information shared is provided for educational purposes only. Any trades placed upon reliance of SharperTrades, LLC are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, cryptos, commodities, options, forex and other trading securities, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. SharperTrades, LLC is not registered as an investment adviser with any federal or state regulatory agency. This is not an offer to buy or sell stocks, cryptos, forex, futures, options, commodity interests or any other trading securities.
➤ This is a recent trade from our Option Alert System (see link inside). I’ll teach you the entire trading process from start to finish. How and why we picked the stock and the strategy. How we set up the trade and how we manage it for success.