SPY January Iron Condor closed for target.
Our January closing order triggered and the position was exited as follows:
- BOUGHT SPY January 233 Call, .25 Debit.
- SOLD SPY January 238 Call, .06 Credit.
- BOUGHT SPY January 217 Put, .41 Debit.
- SOLD SPY January 212 Put, .19 Credit.
Closing order executed as a single order: BUY " Iron Condor" .
Net Debit to Close Iron Condor: $.41 (all four legs).
Net Credit to Enter Iron Condor (December 12): $.83 (all four legs).
Gain of $41.
This represented 10% of the margin/risk and our target for the trade.
As always, stay keen on your risk management and trade carefully,