SPY February Iron Condor closed for target.
Our February closing order triggered and the position was exited as follows:
- BOUGHT SPY February 233 Call, .32 Debit.
- SOLD SPY February 238 Call, .08 Credit.
- BOUGHT SPY February 217 Put, .65 Debit.
- SOLD SPY February 212 Put, .37 Credit.
Closing order executed as a single order: BUY " Iron Condor" .
Net Debit to Close Iron Condor: $.52 (all four legs).
Net Credit to Enter Iron Condor (January 9): $.93 (all four legs).
Gain of $41.
This represented 10% of the margin/risk and our target for the trade.
As always, stay keen on your risk management and trade carefully,