Please be sure to review all of the material before entering any trades to your account. Today we will be taking in a sizable credit, which will allow us to pay down the cost basis of the condor we are working in Virgin Galactic. If you are not currently working this spread, then it’s too late to put it on at this time. Just use this video as a lesson for how to manage condors when the technical signals shift on the candle charts. If you are a new member who is looking for a good position to work, I would look into the Silvergate put spread that we are working. I mentioned Silvergate in the video below:
Link Below.
I’ve attached a PDF file below that includes more details about this position adjustment. You do not have to wait until the end of the day to make this trade. It’s good to go as is.
Enjoy the rest of your week.
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