SPX weekly Iron condor Stopped Out.
This week's position reached our stop loss this morning and was closed as follows:
- CLOSED SPX December 1 2100 Calls.
- CLOSED SPX December 1 2110 Calls.
- CLOSED SPX December 1 2035 Puts.
- CLOSED SPX December 1 2025 Puts.
Closing order executed as a single order: BUY " Iron Condor" .
Net Debit to Close Iron Condor: $2.15 (all four legs)
Net Credit to Enter Iron Condor: $1.30 (all four legs)
(Loss): Loss of ($85).
This represented 10% of the margin/risk and the pre-set max loss for the trade. Before entering a new weekly trade, I will re-evaluate the results year-to-date, and decide whether to sit on the sidelines for a new weekly trade entry until after the New Year. I will publish the results and my thoughts/recommendations later this week.
As always, stay keen on your risk management and trade carefully,