SPX weekly Iron condor Closed
This week's position closed as follows:
- CLOSED SPX September 1 2025 Calls.
- CLOSED SPX September 1 2035 Calls.
- CLOSED SPX September 1 1965 Puts.
- CLOSED SPX September 1 1955 Puts.
Closing order executed as a single order: BUY " Iron Condor" .
Net Debit to Close Iron Condor: $.65 (all four legs)
Net Credit to Enter Iron Condor: $1.25 (all four legs)
Gain: Gain of $60.
This represented 7% of the margin/risk and target for the trade.
The next entry date for the September 2 cycle will be on Friday of this week, as long as market conditions are within the guidelines. The monthly non farms payroll report is due out before the open, and that quite often brings some volatility to the morning. I will post suggested entry details after the market settles.
As always, stay keen on your risk management and trade carefully,