I entered an iron condor spread, if the price stays between in 1.30-1.34 on Feb.07 then profitable, here is the idea:
1. Pounds stays in the area and follow a fashion of triangle;
2. After the triangle end, starts to decline, good chance to go long on volatility, maybe naked put or put debit spread.
1. Pounds stays in the area and follow a fashion of triangle;
2. After the triangle end, starts to decline, good chance to go long on volatility, maybe naked put or put debit spread.