SPX July 28 Weekly Iron Condor closed for Target.
Our exit order triggered and filled this morning on this week's SPX Iron Condor, just one day after trade entry.
Closing details are as follows:
BOUGHT SPX July 28 2500 Call, .55 Debit.
SOLD SPX July 28 2510 Call, .25 Credit.
BOUGHT SPX July 28 2430 Put, 1.45 Debit.
SOLD SPX July 28 2420 Put, 1.05 Credit.
Net Debit (all four legs): $.70
Net Credit to Open Position: $1.30
This represented a gain of $60, 7% of the margin/risk and target for the trade. We were very lucky with the fill yesterday, and today's early exit as we do not have the weekend risk.
As always, stay keen on your risk management and trade carefully,