TLT Iron Condor – What Will The Fed Do Next and Who Cares?

Today I entered into a TLT July 19th iron condor for a $0.26 credit. The trade is completely neutral. The IVR was over 50 at the time and I think it may go down after the Fed meets this week, regardless of if rates go up, down, or nowhere. So far I’m up $4.00 since I bought 2 contracts. It’s my only profitable trade at the moment.  

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