SPY May Iron Condor Closed for Target
Our closing order filled to exit the May Iron Condor, details below:
- BOUGHT SPY May 243 Call, .27 Debit.
- SOLD SPY May 248 Call, .06 Credit.
- BOUGHT SPY May 225 Put, .39 Debit.
- SOLD SPY May 220 Put, .21 Credit.
Closing order executed as a single order: BUY " Iron Condor" .
Net Debit to Close Iron Condor: $.39 (all four legs).
Net Credit to Enter Iron Condor (Opened April 10): $.81 (all four legs).
Gain of $.42.
This gain represented 10% of the margin and target for the trade.
As always, stay keen on your risk management and trade carefully,