SPX June 23 Weekly Iron Condor closed for Target.
Our exit order triggered and filled on this week's SPX Iron Condor, just one day after trade entry.
Closing details are as follows:
BOUGHT SPX June 24 2460 Call, .75 Debit.
SOLD SPX June 24 2470 Call, .35 Credit.
BOUGHT SPX June 24 2375 Put, 1.10 Debit.
SOLD SPX June 24 2365 Put, .85 Credit.
Net Debit (all four legs): $.65
Net Credit to Open Position: $1.25
This represented a gain of $60, 7% of the margin/risk and target for the trade. We were fortunate to get the trade opened yesterday when the VIX was a little over 11. Today the volatility index drifting down just slightly allowed us to take the early exit without having the weekend ris.
As always, stay keen on your risk management and trade carefully,