Below is a graph of the position just before our closing order triggered at approximately 11:15 am Est. to buy back the spread for .40:

SPX July 4 Iron Condor just prior to closing



Our gain on this position was $90 before commissions, the net gain after commissions was $82 which represents a 9.4% of actual margin/risk, just slightly less than target.

The SPX put credit spread for this week is still open; a trade update will be posted as the trade progresses.

Stay keen on your risk management and trade carefully,

Dot Hazlin