SPY November Iron Condor Closed for Target.
The closing order for the October Iron Condor filled as follows:
- BOUGHT SPY November 223 Call, .08 Debit.
- SOLD SPY November 228 Call, .02 Credit.
- BOUGHT SPY November 206 Put, .97 Debit.
- SOLD SPY November 201 Put, .48 Credit.
Closing order executed as a single order: BUY " Iron Condor" .
Net Debit to Close Iron Condor: $.55 (all four legs).
Net Credit to Enter Iron Condor (Opened October 10): $.95 (all four legs).
Gain (Loss): Gain of $40.
This represented 10% of the margin/risk and target for the trade.
As always, stay keen on your risk management and trade carefully,