SPY April Iron Condor closed for target.
Our April closing order triggered and the position was exited as follows:
- BOUGHT SPY April 243 Call, .13 Debit.
- SOLD SPY April 248 Call, .04 Credit.
- BOUGHT SPY April 228 Put, .60 Debit.
- SOLD SPY April 223 Put, .27 Credit.
Closing order executed as a single order: BUY " Iron Condor" .
Net Debit to Close Iron Condor: $.42 (all four legs).
Net Credit to Enter Iron Condor (March 13): $.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,