Opened XLE iron condor

I've opened an April iron condor on XLE, with maximum profit at expiration between $56 and $59.

The stock was trading at $57.35 at the time the trade was executed, for a 44¢ premium credit.

The March 17 analysis that underlies the trade.

The position structure is: p55/-p56/-c59/c60

Disclaimer

Tim Bovee, Private Trader tracks the trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.


No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.