A Sector Iron Condor that Traded Great

• stevenplace
• November 18th, 2009

Back on the 27th we saw some increased volatility come back into the markets with that increase in volatility comes an increase in premiums and I was looking to sell said premium, assuming that we would be more range bound going into November opex.

OIH was a sector that I was looking at, primarily because it had very strong support around that 110-115 level and oil had broken out of a range, so I felt that the risk to the downside was less than what the options were pricing in.

So I sent an email out to my subscribers, looking at selling an iron condor in OIH. I put out a video to the public and a trade to my subscribers here.

Anyways, the trade is expiring for a full profit. With the total credit of 286, we saw a return on risk of about 40%.

With December rolling around the corner, I’m looking to add similar trades on. If you aren’t a subscriber yet, now is a great time to become one.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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