Small Account Trader PRO Alert: New Trade – ladder rung for XBI
NEW LADDERED IRON CONDOR (NEW TRADE)
SPDR S&P Biotech (XBI): 85.87
TRADE ACTION: Open iron condor with 23 JUN expiration for a net credit of around 1.50 – 1.60
STO the XBI 23 JUN 90 call
BTO the XBI 23 JUN 95 call
STO the XBI 23 JUN 80 put
BTO the XBI 23 JUN 75 put
Master Portfolio is trading 5 contracts