SPY March Iron Condor; Stop Loss Hit and Position Closed

The continuing rally was too much for our March SPY position; the stop loss was executed yesterday afternoon and the position was closed as follows:

- BOUGHT SPY March 235 Call, 1.74 Debit.

- SOLD SPY March 240 Call, .42 Credit.

- BOUGHT SPY March 219 Put, .30 Debit.

- SOLD SPY March 214 Put, .19 Credit.

Closing order executed as a single order: BUY " Iron Condor" .

Net Debit to Close Iron Condor: $1.43 (all four legs).

Net Credit to Enter Iron Condor (Opened February 6): $.80 (all four legs).

(Loss): $63.

This represented 15% of the margin/risk and the pre-planned max loss for the trade as per the guidelines.

As always, stay keen on your risk management and trade carefully,

Dot Hazlin