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IWM IC

TRADE IDEA FROM MARK
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I wanted to offer a trade idea and get your feedback. It’s a small $1 iron condor spread on the IWM September quarterly’s, so it’s over in a relatively short time, but has a potential decent return. Although the IWM has been going up pretty strong the past two weeks (see chart below), I’m expecting a leveling out or lower rate of increase over the next 15 days which should keep it within the IC range. The credit is $.28, not a huge amount, but still decent for the risk.

Remarks : Looks good to me. Range of IWM by 10/1 , I am expecting between 61 -58
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