Recommended closing for SPX Weekly Iron Condor.
As of this writing, SPX is just under 1980, only 10 points from the short call strike of the weekly Iron Condor (short call is at 1990). With Janet Yellen's testimony today and tomorrow and being so close to the short strike, it is recommended to close this position today. While it is a "test" trade and not with live capital, I am managing it the same way I would with real money. Some traders may choose to stay in the position overnight, but I will close it before the end of the day, and post the closing debit.
As always, stay keen on your risk management and trade carefully,