Below is the current status of the SPX Weekly Open Positions:
1) SPX Put Credit Spread
SPX August 3 Put Credit Spread as of the close Friday:
The position as of the close Friday is +$30. SPX closed at 1691.42, so the short strike of 1655 is currently 36 points away from the underlying. Our "good to cancel" order remains in place to buy back the spread for .20 which would net the target gain.
2) SPX 10-Point Wide Iron Condor
SPX August 3 Iron Condor as of the close Friday:
The position as of the close Friday is +$50. The delta of the short call (1720) is .07, and the delta of the short put (1655) is .14, so it is not yet near an adjustment point. Our order is in to close the position for .30, which would net the target gain. However, I would not hesitate to close either side for a .20 debit or .40 for the whole position; which would still result in a 10.5% gain.
An update will be posted early next week.
As always, stay keen on your risk management and trade carefully,