This morning's sell-off triggered the Stop Loss order on SPY September Iron Condor.
The closing order executed as follows:
- BOUGHT SPY September 216 Call, $.09 Debit.
- SOLD SPY September 221 Call, $.02 Credit.
- BOUGHT SPY September 199 Put, $3.69 Debit.
- SOLD SPY September 194 Put, $2.36 Credit.
Closing order executed as a single order: BUY " Iron Condor" .
Net Debit to Close Iron Condor: $1.40 (all four legs).
Net Credit to Enter Iron Condor (Opened August 10): $.91 (all four legs).
Gain (Loss): Loss of ($49). The stop loss order was put in at 1.52 which would have been for the 15% max loss as per the guidelines, but it actually filled at 1.40 so our loss was a minimized a bit. The loss on this month's position was 12%.
As always, stay keen on your risk management and trade carefully,