SOLD -1 IRON CONDOR XHB 100 18 JUN 21 80/85/69/64 CALL/PUT @1.05 ISE
Opening a position in housing ETF. It has got decent volatility to harvest some premium.
We don’t have any position in this segment, so it provides us with some diversification too.
Here selling a $5 wide Iron Condor
Sold a $64/$69 put spread and a $80/$85 call spread. Both done together as a single trade.
Doing a defined risk trade so that in case markets go crazy, our risk is contained
This is a starter position and I intend to add more if stock makes huge moves in a short duration.