Recently, Zacks.com users have been paying close attention to Spotify (SPOT). This makes it worthwhile to examine what the stock has in store.
Spotify (SPOT) closed at $375.40 in the latest trading session, marking a +1.86% move from the prior day.
Spotify Technology has shown impressive relative strength this year and recently cleared a 359.38 buy point. Today, we are looking at an unbalanced iron condor for Spotify stock. As a reminder, an iron condor is simply a combination of a bull put spread and a bear call spread.