Sold AXP Iron Condor
In my search for new trades to make, I started working my way through the Dow 30 to find some stocks that might be more stable than others or at least might be in the middle of their wide trading ranges. I didnt get far alphabetically before I found one worth trying. AXP is only second in my list and fit my criteria for todays trade.
I didnt want to see any price swings of greater than 15% over a two month period and I didnt want the stock to be at either extreme of its recent trading channel. Of course, the premiums had to be worth the trade too. I wanted to earn at least 2% per month on my money at risk and could go slightly less if I was further than 10% out of the money with my short strike. I also wanort stave ort stave a 0 orave a 0 or las w0 or las wil up as wil up todelt up todelta... [via Mytradersjournal - Stock...]