Sold December $SPX 1790/1795/2135/2140 unbalanced Iron Condor. 0.30 credit from Puts, 0.50 credit from Calls.— The Lazy Trader (@lazytrading) October 21, 2015
Buy 4 SPX December 1790 Put @7.15
Sell 4 SPX December 1795 Put @7.45
Sell 2 SPX December 2135 Call @3.80
Buy 2 SPX December 2140 Call @3.30
Net Credit: $220, made up of $120 from the Puts + $100 from the Calls.
Expiration: 58 days
Break-even point: 1794 and 2136
SPX Price: 2018.94
An SPX chart for future reference:
(Click on image to enlarge)
Current positions in the Portfolio:
November SPX 1630/1640/2100/2110 Iron Condor
$350 credit, 4 weeks to expiration, 81% probability of success. Still a little concerned with the Call side.
November RUT 1235/1240 Credit Call Spread
$106 credit, 4 weeks to expiration, 90% probability of success. Looking very good here.
December SPX 1790/1795/2135/2140 unbalanced Iron Condor
$220 credit. 8 weeks to expiration. The trade described in this article. A little infant. Obviously safe for now.
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Check out 2015 Track Record
Adjusted entire Iron Condor on Oct 28, 2015
Weekend Portfolio Analysis (November 1, 2015)
Weekend Portfolio Analysis (November 14, 2015)