Short term
Trade view / 16 December 2016 at 15:29 GMT

UPDATE: Closing out TLT short condor (expiration) – #SaxoStrats

Product Manager, Options Trader, Educator
Denmark
Price target:
Market price:
SaxoStrats
 
We are closing out TLT short condor from November 10. Yields have soared in past month while at the same time prices have declined. Nevertheless the market has moved down without any relief and we are looking at closing instead of rolling this condor for a net debit of $1.34. 

Against the collected premium, the net loss is just $0.50. We still feel good about selling this 2-point wide condor from a risk/reward. Volatility was to the upside and we were able to collect a very good premium.  

— Edited by Clare MacCarthy

Non-independent investment research disclaimer applies. Read more
2y
seas seas
Do you think we could have a bounce tomorrow considering the hammering it's taken recently?

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