SPX August 1 Weekly Iron Condor closed for target.

A short while ago the closing order executed to exit this week's SPX Iron Condor for $.80. This represented a gain of $60, or 7.0% of the margin and our target for the trade. SPX was at 1977.43 when the order filled.

The next entry date will be Friday, August 1 for the August 2 weekly cycle, as long as SPX remains within the entry guidelines. The monthly Employment Situation report will be released before the open which is quite often a market-moving event. It is recommended to wait at least the first hour before entering a new position.

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

Dot Hazlin