Morning Trade: Salesforce (CRM) Iron Condor

Salesforce (CRM) selling an iron condor options trade is looking for Salesforce stock to remain in a channel. The trade consists of selling a June 4 $220/$215 put spread and a June 4 $240/245 call spread to collect $2.25 or more, says Scott Bauer of Prosper Trading Academy. The breakeven points are around $217.75 on the downside and $242.25 on the upside.

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Morning Trade: Salesforce (CRM) Iron Condor

Salesforce (CRM) selling an iron condor options trade is looking for Salesforce stock to remain in a channel. The trade consists of selling a June 4 $220/$215 put spread and a June 4 $240/245 call spread to collect $2.25 or more, says Scott Bauer of Prosper Trading Academy. The breakeven points are around $217.75 on the downside and $242.25 on the upside.