Open Position Update: SPY April Iron Condor

SPY Iron Condor

SPY closed Friday at 186.20. Our position is currently +$32.46, and is well centered between the two short strikes. Target gain remains at 10% ($41), max loss 15% (-$62).

SPY April Iron Condor

The SPY 6 month chart is shown below, indicating the short strikes.

SPY 6 month Chart

An update will be posted on this open position as appropriate.

The next planned entry date for the weekly SPX Credit Spread will be next Thursday, March 27 for the April 1 cycle. Depending on market conditions this coming week, I will post my thoughts and entry plans towards the middle of the week.

As always, stay keen on your risk management and trade carefully,

Dot Hazlin