SPX January 5 Weekly Iron Condor Closed Ahead of FOMC Announcement.
As mentioned when this position was opened Monday, the plan to was to close the position before the FOMC meeting announcement this afternoon. Our exit order filled shortly after the bell.
This week's position closed as follows:
- BOUGHT SPX January 5 1960 Call, .95 Debit.
- SOLD SPX January 5 1970 Call, .70 Credit..
- BOUGHT SPX January 5 1820 Put, 1.40 Debit.
- SOLD SPX January 5 1810 Put, .85 Credit.
Closing order executed as a single order: BUY " Iron Condor" .
Net Debit to Close Iron Condor: $.80 (all four legs.)
Net Credit to Enter Iron Condor: $1.40 (all four legs)
Gain (Loss): Gain of $60.
This represented 7.0% of the margin/risk and target for the trade.
As always, stay keen on your risk management and trade carefully,