Stock indexes continue to trade sideways, creating a great environment to sell iron condors, but forcing traders to be more selective with the tickers they trade directionally, stocks that are likely to have strong moves regardless of the market. One of my favorite bearish setups at the moment is Chipotle Mexican Group (CMG) and I've taken some fresh positions in weekly and monthly contracts to vary my exposure and help finance the further dated position. JD.com (JD) is on the other side of the coin, doing a great job of holding support and showing signs of a breakout, a great place to position with directional calls. Cyberark Software (CYBR) is still manageable though I wasn't able to get filled on the put spread this morning and I'd almost like to add to Medtronic (MDT), but I'll continue to hold my existing position for now with plenty of time until expiration. Bonds are also getting ready to have a big move and this is something you've got to take into account with your current positions.
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