One Way To Play The Euro Ahead Of Home Sales And Consumer Confidence Data

CB Consumer Confidence and US Existing Home Sales numbers will be released Tuesday, February 23, 2016, at 10:00 AM ET. CB stands for The Conference Board, an independent research association. Consumer confidence is a leading indicator for consumer spending, which is a leading indicator for the overall economy.

Home Sales also is a leading indicator for reading the economy, and together their releases can move the markets and create implied volatility ideal for an Iron Condor trade using Nadex spreads.

You can enter this trade as early as 9:00 AM ET for 11:00 AM ET expirations. The profit potential for the setup is $30 or more combined between the spreads.

The Iron Condor is a strategy using two spreads: a bought lower spread and a sold upper spread designed to capture profit when the market ranges or moves and then pulls back.