SPX March 4 Weekly Iron Condor closed for target.
Shortly after the bell this afternoon, our exit order filled to close this week's SPX Iron Condor.
Closing details are as follows:
BOUGHT SPX March 4 2130 Call, .95 Debit.
SOLD SPX March 4 2140 Call, .35 Credit.
BOUGHT SPX March 4 2060 Put, 1.25 Debit.
SOLD March 2050 Put, .75 Credit.
Net Debit (all four legs): $1.10
Net Credit to Open Position: $1.70
This represented a gain of $60, or 7.2% of the margin and our target for the trade.
As always, stay keen on your risk management and trade carefully,