The Iron Condor That Caught a 7.78% Move in Eight Days

Positioned before the reversal. ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  

Click Here to Reserve Your Seat     Don here... Mac Holbrook, our newest trader, isn’t shy. He’s been calling this low for weeks.  To be fair, he got stopped out twice in March on early entries.  However, the third attempt stuck. His iron condor with strikes in the low to mid-5,000 range on ES futures is now sitting on a 7.78% move from low tick to high tick in eight days. Then he bought Lockheed Martin live on the session. Seven shares at $626.59. Price told him to buy it. The narrative said otherwise. In today's Live Trading Room session replay, you'll see: The exact iron condor structure Mac built around the March 30 low. April 10th and April 17th expirations. 50-point spreads entered at roughly $4.50. Out-of-the-money puts designed to hedge if the low failed. He walks through how he scaled into the position and managed delta and theta daily. Why the anchored VWAP off the all-time high is the single most important level right now. The S&P closed above it today. Mac showed how this same VWAP defended lows in August 2024, April 2024, and October 2023. When it holds, the trend resumes. The Lockheed Martin entry and the logic behind it. Lockheed gapped down on trade resolution headlines and spent the entire day recovering. It defended 2026 VWAP and showed relative strength while the rest of the market celebrated. Mac calculated his risk at $200 using the session low at $593.88 as his stop. Why Mac is watching Tesla at 2025 VWAP but refused to enter today. Tesla gapped up with everything else and rejected all day. A close above 366 would be his first bullish signal. Above 380 is the green light. Below that, he sees a path to 317 or even sub-300. Mac made his thesis clear. He holds positions for one to two months and targets 8% to 12% moves.  Reward-to-risk matters more than win percentage. He manages position sizing as signals give him more or less confidence in the thesis. The S&P is now at the top of the weekly expected move and right at 2026 VWAP. Mac expects consolidation or a pullback over the next few days.  If the indices pull back to the 200-day moving average around 6,650 to 6,700, he will add aggressively to bullish positions. → Watch Mac walk through every position, every entry, and the exact VWAP levels he's trading against for the next two months To your success,  Don Kaufman Chief Market Strategist, TheoTRADE Helping You Become a Better Trader...it’s What We Do. Experience TheoTrade® Today! Whether you are a beginning, intermediate, or active trader, you will find a treasure chest of valuable trading education resources, both free and paid, that will help take your trading to the next level. We are committed to helping you become the best trader you can be. Disclaimer: Neither TheoTrade.com  or any of its officers, directors, employees, other personnel, representatives, agents or independent contractors is, in such capacities, a licensed financial adviser, registered investment adviser, registered broker-dealer or FINRA |SIPC |NFA-member firm. TheoTrade does not provide investment or financial advice or make investment recommendations. TheoTrade is not in the business of transacting trades, nor does TheoTrade agree to direct your brokerage accounts or give trading advice tailored to your particular situation. Nothing contained in our content constitutes a solicitation, recommendation, promotion, or endorsement of any particular security, other investment product, transaction or investment.Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past Performance is not necessarily indicative of future results. TheoTrade PO Box 24790 Christiansted, Virgin Islands 00824 1 (800) 256-8876 support@theotrade.com Want to change how you receive these emails? You can Update your preferences Theotrade.com  |  Privacy Policy