March $SPX Iron Condor 1355/1360/1560/1565 for 0.75 credit.
BUY 5 March 1355 PUT @ 4.50
SELL 5 March 1360 PUT @4.90
SELL 5 March 1560 CALL @1.85
BUY 5 March 1565 CALL @1.50
Credit: $0.75 (0.75 * 100 * 5 = $375)
Margin: $4.25 (4.25 * 100 * 5 = $2125)
Break-even points: 1360.75 and 1559.25 (Around 1487 when I entered the trade)
Probability of success: 80.44% when the trade was opened
Days to expiration: 51
Max return on margin: 17.65%
Commissions: $30.00 (Assuming a very unfavorable $1.50 per contract)
A chart of the SPX at market close on Tuesday, January 22, 2013 for future reference.
(Click on image to enlarge)
Check out Track Record for 2013
Related Articles:
Weekend Portfolio Analysis (01-26-2013)
Managing RUT Options positions
Weekend Portfolio Analysis (02-09-2013)
Weekend Portfolio Analysis (02-16-2013)
Weekend Portfolio Analysis (03-01-2013)
Handling SPX Positions. Managing a threatened Iron Condor, plus taking profit on a Bull Put spread
BUY 5 March 1355 PUT @ 4.50
SELL 5 March 1360 PUT @4.90
SELL 5 March 1560 CALL @1.85
BUY 5 March 1565 CALL @1.50
Credit: $0.75 (0.75 * 100 * 5 = $375)
Margin: $4.25 (4.25 * 100 * 5 = $2125)
Break-even points: 1360.75 and 1559.25 (Around 1487 when I entered the trade)
Probability of success: 80.44% when the trade was opened
Days to expiration: 51
Max return on margin: 17.65%
Commissions: $30.00 (Assuming a very unfavorable $1.50 per contract)
A chart of the SPX at market close on Tuesday, January 22, 2013 for future reference.
(Click on image to enlarge)
Check out Track Record for 2013
Related Articles:
Weekend Portfolio Analysis (01-26-2013)
Managing RUT Options positions
Weekend Portfolio Analysis (02-09-2013)
Weekend Portfolio Analysis (02-16-2013)
Weekend Portfolio Analysis (03-01-2013)
Handling SPX Positions. Managing a threatened Iron Condor, plus taking profit on a Bull Put spread
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