Iron Condor Option Trade In Nike Stock Could Return 33%
An iron condor is an income trade that profits when a stock stays within a specified range over the course of the trade. One key factor to look for when trading iron condors is a stock with high implied volatility. One stock that meets that criterion is Nike Inc (NYSE:NKE). Q2 2021 hedge fund letters, conferences and more NKE is currently showing an implied volatility reading of 31.7%, significantly higher than the 19.6% we saw back in August. Traders thinking that volatility might drop while prices stabilize could look at an iron condor. When volatility is high, the iron condor can be placed ...