Options Oracle: 04/29/21

TOO 050521

If you do not already hold a diagonal calendar put spread in Ark, don’t worry. This calendar call spread can be handled as a separate position. If you were able to initiate the Calendar Put spread on April 8th, then simply pair this new spread up with the Put spread to complete the Condor. I’ve laid out all of the details for you in the video below.

Video Link below.

I’ve also attached a PDF file that explains more of the details for this new position. Please be sure to review all of the material before entering any trades to your account. This is a trade set up for the opening of the market, tomorrow morning (May 5th). If you set it up tonight as a GTC order, then you should get a trade execution that is very close to the price I’ve posted in the alert.
Happy Trading. 

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