Bullish action too much for the November SPY Iron Condor.
Today's bullish move caused the stop loss trigger to hit, and the closing order executed a short while ago.
Closing details are:
CLOSED November 200 Call
CLOSED November 205 Call
CLOSED November 176 Put
CLOSED November 171 Put
Original Credit: $.80
Debit to close: $1.45
This represented a loss of $(65), or 15% of the margin and the pre-set max loss for the trade.
As always, stay keen on your risk management and trade carefully,