The Quick Way To Place An Iron Condor Trade For A News Release
Before constructing, a building a permit is needed. The number of new US Residential Building Permits for the previous month is released monthly in an annualized format. The number of new permits is an important indicator for future growth of construction and housing. For this reason, it can be expected to get the market moving and be good for a news trade. This news is released Tuesday, April 19, 2016, at 8:30 AM ET.
In the past, the market has tended to react, make a move and then pull back.
This kind of movement is perfect for using an Iron Condor strategy with Nadex spreads. Nadex spreads are day trading, short-term options that expire within hours, or last as long as a day.
For the Iron Condor strategy, the risk/reward ratio will be 1:1, risking approximately $30 to make approximately $30. One can buy a Nadex EUR/USD spread below the market and sell a Nadex EUR/USD spread above the market.
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