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Clarification on SPX Weekly Iron Condor Target.
I want to thank one of our readers for bringing to my attention an error in my weekend update. The target gain for this week's open position was listed as $70. The correct target gain is 7% of the margin/risk of $870, or $60. The debit to close the position for target is set for $.70, and I inadvertently mis-read my notes when I posted the article.
I apologize for any confusion this may have caused.
As always, trade carefully and stay keen on your risk management,