$CLX continues to be range-bound and offer substantial premium on both the call and put sides, which makes it a great candidate to consider an Iron Condor. With the stock trading above its moving averages, the risk is to the upside. 172 continues to provide resistance.
- Downside Short Strike: 162.5
- Upside Short Strike: 172.5
Trading Iron Condors is an important tool in Trading the Post. It is an excellent strategy to collect premium on stocks in suitable market environments.
Ron reviews and shares a handful of tradable Iron Condor setups each week in our members-only chat room. He usually offers some conservative and more aggressive setups so traders can choose what fits their risk profile, level of skill in trade management, and account size. In addition, we have dedicated classes on trading and managing Iron Condors as part of the Trading the Post course, which is available to all members.
Nothing in this document constitutes a trading or investment recommendation. All information shared is for educational purposes only.