Friday, April 29, 2016, at 4:30 AM ET, the Bank of England will release various reports including Net Lending to Individuals, M4 Money Supply and Mortgage Approvals. The release of this news can cause the market to react, offering a trading opportunity. Since this news is released early in the morning, which could be considered the middle of the night, one can use a strategy that is tradable during more conducive waking hours, like an Iron Condor using Nadex spreads.
The Iron Condor strategy is ideal because two spreads can be traded, one for each direction.
For this trade and strategy, one can enter as early as 11:00 PM ET the night before on Thursday for 7:00 AM ET expirations.
A spread has a floor and a ceiling that mark a range of a market you can trade long or short. The market can pass the ceiling or the floor, and may or may not pull back to return between the floor the ceiling again. When this happens, the trader doesn't profit or lose past the floor or ceiling, and if it’s before expiration and they haven’t exited, they are still in the trade.
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