NEW TRADE IDEA:
New Master Trader Income Option Trade on UTX based on price action below.
Reminder, please read the value-added documents at the bottom of your member area.
Of great importance is: Money Management Considerations When Selling Option Credit Spreads for Income.
9/6: UTX – Consider shorting iron condor: Sep (9/14) $130/128 bull put credit spread and Sep (9/14) $137/139 bear call credit spread (8 DTE) for $.40/share limit (currently $.42/share but spready). Neutral time decay strategy in wide trading range daily and weekly. 25% ROC if expires worthless between short strikes. Stop Loss: $136.72/130.38.
