SPX weekly Iron condor Closed for target.
This week's position closed as follows:
- BOUGHT SPX February 1 2075 Call.
- SOLD SPX February 1 2085 Call.
- BOUGHT SPX February 1 1935 Put.
- SOLD SPX February 1 1925.
Closing order executed as a single order: BUY " Iron Condor" .
Net Debit to Close Iron Condor: $.85 (all four legs).
Net Credit to Enter Iron Condor: $1.60 (all four legs)
Gain (Loss): Gain of $75.
This represented 8.9% of the margin/risk and slightly above target for the trade.
As always, stay keen on your risk management and trade carefully,