CHRISTMAS PROMOTION
LTOptions at a 33% discount during the Year End Holidays.
Tell me More

Friday, March 18, 2016

Jul29 SPX Unbalanced Iron Condor

I was unable to reflect this trade on the blog yesterday.
Anyways, the date time stamp on the tweet reflects the correct date to avoid confusion.

Trade Details
Sold 8 SPX July29 1675/1650 Credit Put spreads for 1.71 credit
Sold 4 SPX July29 2200/2225 Credit Call spreads for 2.59 credit

Total Credit received: $2,404
Max Risk: $17,596

SPX Chart for future reference:
(Click on image to enlarge)

Trade Update - May 13, 2016
Closed the whole Unbalanced Iron Condor in preparation for next week where I plan to enter a new July Iron Condor position.

Bought to Close 8 SPX July29 1675/1650 Credit Put spreads for 0.67 debit (Original credit was 1.71)
Bought to Close 4 SPX July29 2200/2225 Credit Call spreads for 1.28 debit (Original credit was 2.59)

Net Gain from the Put spreads is (1.71 - 0.67) * 100 * 8 = $832
Net Gain from the Call spreads is (2.59 - 1.28) * 100 * 4 = $524
Total Gain: $1356


Go to the bottom of this page in order to see the Legal Stuff

No comments:

Post a Comment