SPX weekly Iron condor Closed
This week's position closed as follows:
- CLOSED SPX October 1 2010 Calls.
- CLOSED SPX October 1 2020 Calls.
- CLOSED SPX October 1 1920 Puts.
- CLOSED SPX October 1 1910 Puts.
Closing order executed as a single order: BUY " Iron Condor" .
Net Debit to Close Iron Condor: $.75 (all four legs)
SPX was trading at approximately 1973 when the order filled.
Net Credit to Enter Iron Condor: $1.35 (all four legs)
Gain (Loss): Gain of $60.
This represented 7% of the margin/risk and target for the trade.
As mentioned in my weekend update, the next weekly trade entry is planned for Friday, October 3, as long as market conditions are within the guidelines. The monthly Non Farms Payroll Report comes out before the open, and that brings some volatility to the morning most times.
As always, stay keen on your risk management and trade carefully,