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Kal's Option Trade of the Week - TLT Skewed Iron Condor

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


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➤ 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.

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