SPX September 4 Weekly Iron Condor closed for Target.
Our exit order triggered and filled a short while ago on this week's SPX Iron Condor.
Closing details are as follows:
BOUGHT September 4 2015 Call, .15 Debit.
SOLD SPX September 4 2025 Call, .05 Credit.
BOUGHT SPX September 4 1900 Put, 2.60 Debit.
SOLD SPX September 4 1890 Put, 1.80 Credit.
Net Debit (all four legs): $.90
Net Credit to Open Position: $1.50
This represented a gain of $60, 7% of the margin/risk and target for the trade. This was the first week we tested a Monday entry, 4 days to expiration, rather than the usual Friday. We will see what the market looks like at the end of this week; and may consider a Monday entry once again for the next week's cycle to eliminate the weekend risk.
As always, stay keen on your risk management and trade carefully,