Rocket - Place Order to Close BBY Iron Condor
BBY Update - place an order to close out 4 leg trade for debit of $0.25.
Our Iron Condor trade is near the bottom range of our max profit zone.
Place an order to close for $0.25.
Our initial Iron Condor position consisted of:
Sell the Aug 28 $119 call
Buy the Aug 28 $120 call
Sell the Aug 28 $110 put
Buy the Aug 28 $109 put
Place an order to close out this entire trade for a debit of $0.25. We got into this trade for a credit of $0.50, so we will look to close it out for a $0.25 profit per contract. BBY is trading under $110 right now so we will need the price to rise a bit for this to be executed, but get your order in and we will see if it's hit, if it is not then we will let it ride for now.
Place an order to close for $0.25.
Our initial Iron Condor position consisted of:
Sell the Aug 28 $119 call
Buy the Aug 28 $120 call
Sell the Aug 28 $110 put
Buy the Aug 28 $109 put
Place an order to close out this entire trade for a debit of $0.25. We got into this trade for a credit of $0.50, so we will look to close it out for a $0.25 profit per contract. BBY is trading under $110 right now so we will need the price to rise a bit for this to be executed, but get your order in and we will see if it's hit, if it is not then we will let it ride for now.
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