SPY February Iron condor Closed for Target
This February SPY position closing order filled as follows:
- BOUGHT SPY February 205 Call, .12 Debit.
- SOLD SPY February 210 Call, .04 Credit.
- BOUGHT SPY February 175 Put, 1.08 Debit.
- SOLD SPY February 170 Put, .67 Credit.
Closing order executed as a single order: BUY " Iron Condor" .
Net Debit to Close Iron Condor: $.49 (all four legs)
Net Credit to Enter Iron Condor (Opened January 11): $.90 (all four legs)
Gain (Loss): Gain of $41.
This represented 10% of the margin/risk and target for the trade.
As always, stay keen on your risk management and trade carefully,