Our XBI 21 Apr laddered iron condor is over 50% of max profit. Let’s close today and we will add a new ladder rung during the live trading session on Friday. We collected 1.44 of credit when we opened this trade and can close it for about 55% of max profit.

TRADE CLOSE

SPDR S&P Biotech ETF (XBI):  75.83

TRADE ACTION:  CLOSE the XBI 21 Apr 65 / 70 put and the XBI 21 Apr 84 / 89 call for a net debit of around 0.60 to 0.65

STC the XBI 21 Apr 65 put

BTC the XBI 21 Apr 70 put

BTC the XBI 21 Apr 84 call

STC the XBI 21 Apr 89 call

Master Portfolio:  5 Contracts