I ran my “Trade Scan” today and came up with a really “sideways” trade opportunity.
Occidental Petroleum [stock_market_widget type=”inline” symbol=”OXY” template=”basic” color=”default”] has been trading flat for the last 30 days even as oil prices bounce up and down between Middle East production threats and Gulf of Mexico tropical storm risks.
A flat trading pattern makes OXY ideal for an Iron Condor trade… where I can spread out the puts and calls and trade the sideways pattern.
I go over the OXY Iron Condor trade opportunity in my latest “Trade Scan” video above.
About The Author
Meet Jon Lewis, With over 20 years of real experience, teaching AND trading, Jon will help you learn to use options profitably and safely in portfolios of any size.
His advantage, and now yours, is using simple, often overlooked spread options strategies which generate consistent income without significant risk.