Rocket Update 11-08-23
There was a typo in the prior update.
For clarity, in this morning's Iron Condor, we were selling a call spread about $2 above the market, and doing the same thing with a put spread about $2 below the market. The SPY has moved lower, yet our 4 leg option trade it is still trading right at about $0.50 for all 4 legs of the trade. The SPY was at about $437 as of this morning's update. It's now trading at about $435.40.
Sell the Nov 9th $439 call
Buy the Nov 9th $440 call
Sell the Nov 9th $435 put
Buy the Nov 9th $434 put
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