SPX September 30 Iron Condor; Stop Loss Hit and Position Closed
Our stop loss was triggered this afternoon and the position was closed as per the guidelines.
Closing details are as follows:
BOUGHT SPX September 30 2200 Call, .35 Debit.
SOLD SPX September 30 2210 Call, .15 Credit.
BOUGHT SPX September 30 2120 Put, 7.10 Debit.
SOLD SPX September 30 2110 Put, 5.10 Credit.
Net Debit (all four legs): $2.20
Net Credit to Open Position: $1.35
This represented a loss of ($85), 10% of the margin/risk and our pre-set max loss.
As always, stay keen on your risk management and trade carefully,