SPX February 3 Weekly Iron Condor closed for Target.
Our exit order triggered earlier this afternoon on this week's SPX Iron Condor.
Closing details are as follows:
BOUGHT SPX February 3 2330 Call, .75 Debit.
SOLD SPX February 3 2340 Call, .40 Credit.
BOUGHT SPX February 2255 Put, 1.70 Debit.
SOLD SPX February 2245 Put, 1.25 Credit.
Net Debit (all four legs): $.80
Net Credit to Open Position: $1.40
This represented a gain of $60, 7% of the margin/risk and target for the trade. Our first week testing an early entry gave us the gift of not having to take the risk over the weekend, which we will gratefully accept.
As always, stay keen on your risk management and trade carefully,