Stop Loss Hit on February Weekly Iron Condor.
Today's bullish action was too much for the weekly Iron Condor; our stop loss triggered and the position closed as follows:
- BOUGHT SPX February 1915 Call, 4.20 debit.
- SOLD SPX February 1925 Call, 2.00 credit.
- BOUGHT SPX February 1745 Put, .25 debit.
- SOLD SPX February 1735 Put, .20 credit.
Closing order executed as a single order: BUY " Iron Condor" .
Net Debit to Close Iron Condor: $2.25 (all four legs. )
Net Credit to Enter Iron Condor: $1.40 (all four legs), as posted earlier today
Loss of ($85). This represented 10% of the margin/risk and the pre-set max loss for the trade.
As always, stay keen on your risk management and trade carefully,