SPY July Iron Condor Closed for Target
Our closing order filled to exit the June Iron Condor, details below:
- BOUGHT SPY July 248 Call, .28 Debit.
- SOLD SPY July 253 Call, .04 Credit.
- BOUGHT SPY July 234 Put, .40 Debit.
- SOLD SPY July 229 Put, .23 Credit.
Closing order executed as a single order: BUY " Iron Condor" .
Net Debit to Close Iron Condor: $.41 (all four legs).
Net Credit to Enter Iron Condor (Opened June 12): $.82 (all four legs).
Gain or $.41.
This gain represented 10% of the margin and target for the trade.
As always, stay keen on your risk management and trade carefully,