SPX March 17 Weekly Iron Condor closed for Target.
Our exit order filled for this week's SPX Iron Condor.
Closing details are as follows:
BOUGHT SPX March 17 2410 Call, 1.00 Debit.
SOLD SPX March 17 2420 Call, .50 Credit.
BOUGHT SPX March 17 2325 Put, 1.30 Debit.
SOLD SPX March 17 2315 Put, 1.15 Credit.
Net Debit (all four legs): $.65
Net Credit to Open Position: $1.25
This represented a gain of $60, 7% of the margin/risk and target for the trade.
We will look at entering the next weekly Iron Condor on Thursday, which hopefully will give subscribers better execution - this was a very difficult fill because the bid/ask was so wide.
As always, stay keen on your risk management and trade carefully,