SPX weekly Iron condor Closed for target.
This week's position closed as follows:
- BOUGHT SPX January 5 2105 Call.
- SOLD SPX January 5 2115 Call.
- BOUGHT SPX January 5 1995 Put.
- SOLD SPX January 5 1985 Puts.
Closing order executed as a single order: BUY " Iron Condor" .
Net Debit to Close Iron Condor: $.65 (all four legs). SPX was at approximately 2054 when the order filled.
Net Credit to Enter Iron Condor: $1.30 (all four legs)
Gain (Loss): Gain of $65.
This represented 7.5% of the margin/risk and target for the trade.
As always, stay keen on your risk management and trade carefully,