IRON CONDOR's for the win

11 במאי 2020

Has been trading in the same band of 292.93-278.69 for 3 weeks now. There has been one move to the downside outside of the band and one move to the upside of the band---both were rejected immediately.

Consider placing short term Iron Condor's around this area for quick little plays while this consolidates.

Positive news on transmission rates or vaccines will see us move higher towards 200 day MA

Negative news such as increased transmission or 2nd wave of infections will trigger move down.

I wouldn't listen to anyone calling tops or bottoms since this whole thing is driven by news and not fundamentals----see jobs report vs stock price movementSPY