Open Position: SPX Weekly Iron Condor Position for July 1 closed.
This week's SPX Iron Condor was exited a short while ago for a debit of .50. This represented a gain of $55, or 6.1% of the margin. Target gain for this trade was 7%, but I was concerned about a further move up that would put the position in jeopardy with so little time left in this cycle. I recommend closing this position before the end of the day today.
Stay keen on your risk management and trade carefully,