Decent value ATM condors – Trade Idea

Oct Gold 1470/1490/1510/1530 Call Condor, 33 days to expiry (25th , 1.8% Delta

If you have a target for expiry of the Oct Gold Options on 25th Sep, the Oct Condors might be a useful structure to capitalize on it, as Condors currently look pretty reasonable value.

For example this is the Oct 1470/1490/1510/1530 Condor, pays out between 20 between 1490/1510, and breaks even between 1475.53 & 1524.46. Closed around 5.50 last night.

Trade booked for tracking