SPX Weekly Iron Condor for January 2 Stop Loss Hit
Stop Loss order hit on the position this morning; position closed as follows:
- BOUGHT SPX January 2 2105 Call .15 debit.
- SOLD SPX January 2 2115 Call .10 credit.
- BOUGHT SPX January 2 1985 Put 15.60 debit.
- SOLD SPX January 2 1975 Put 12.80 credit.
Closing order executed as a single order: BUY " Iron Condor" .
Net Debit to Close Iron Condor: $2.85 (all four legs. )
Net Credit to Enter Iron Condor: $1.40 (all four legs).
(Loss): Loss of ($145).
It's never easy to accept a loss, but with a gap like this morning, there was no avoiding it, and we abided by our risk management plan. We have a long year ahead of us, and will move forward with the trade plan as per the guidelines.
As always, stay keen on your risk management and trade carefully,