SPX March 3 Weekly Iron Condor closed for Target.
Our exit order triggered a short while ago on this week's SPX Iron Condor.
Closing details are as follows:
BOUGHT SPX March 3 2400 Call, .75 Debit.
SOLD SPX March 3 2410 Call, .35 Credit.
BOUGHT SPX March 3 2300 Put, 1.25 Debit.
SOLD SPX March 3 2290 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. Our third week testing an early entry gave us the gift of not having to take the risk over the weekend, which we will gratefully accept.
As always, stay keen on your risk management and trade carefully,