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jimmycooper · 04-13-2011, 10:46 PM

I did this Iron Condor on Tuesday with SPY puts.

Bought May $129 puts for $1.85
Sold May $124 puts for $.90

So, for a cost of $.95, it can net $5 if the S&P corrects by 3% in May, which it almost always does.

04-13-2011, 10:46 PM
jimmycooper Confirmed User Industry Role: Join Date: May 2010 Location: Manhattan Posts: 4,016	I did this Iron Condor on Tuesday with SPY puts. Bought May $129 puts for $1.85 Sold May $124 puts for $.90 So, for a cost of $.95, it can net $5 if the S&P corrects by 3% in May, which it almost always does. __________________