SPX June 30 Weekly Iron Condor closed for Target.
Our exit order filled a short while ago on this week's SPX Iron Condor.
Closing details are as follows:
BOUGHT SPX June 30 2465 Call, .75 Debit.
SOLD SPX June 30 2475 Call, .35 Credit.
BOUGHT SPX June 30 2385 Put, 1.20 Debit.
SOLD SPX June 30 2375 Put, .90 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. This was the second week we were able to exit for full target just one day after opening the trade. I don't expect this to be a "regular" occurrence, but will never refuse to accept a gift from Mr. Market and remove the weekend risk factor!
As always, stay keen on your risk management and trade carefully,