SPX August 26 Weekly Iron Condor closed for Target.
As I wrote early this morning, I recommended closing the SPX August 26 Weekly Iron Condor before the close today. The mild opening allowed our exit order to trigger and fill on this week's SPX Iron Condor.
Closing details are as follows:
BOUGHT SPX August 26 2205 Call, .20 Debit.
SOLD SPX August 26 2215 Call, .10 Credit.
BOUGHT SPX August 26 2140 Put, 1.55 Debit.
SOLD SPX August 26 2130 Put, .95 Credit.
Net Debit (all four legs): $.70
Net Credit to Open Position: $1.30
This represented a gain of $60, 7% of the margin/risk and target for the trade.
As always, stay keen on your risk management and trade carefully,