Options Oracle: 01/08/13

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I believe now is the time for us to leg in to the next part of our condor spread. We have already bought the January 2014 570 Puts and we’ve sold the February 525 Puts. This completed the first half of the Condor, which is a Diagonal Calendar Put Spread. Right now we are going to buy the Leap calls and wait for the stock to rally before selling front month calls against the leap to complete the condor.


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AJ Monte

About AJ Monte

As a premier trading consultant, AJ is one of the most sought after in his field. He teaches professionals specialized techniques on how to accumulate and protect wealth through innovative market techniques. TheMarke__404+

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