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Friday, May 26, 2017

July 2017 SPX Unbalanced Iron Condor

Trade Details:

20 SPX 2260/2250 Credit Put spreads  0.60 Credit ($1200)
10 SPX 2490/2500 Credit Call spreads 0.95 Credit ($950)

Net Credit: $2,150
Days to Expiration: 56

Profit picture:
(Click on image to enlarge)

An SPX Chart for future reference and self-study:
(Click on image to enlarge)

Trade Update - June 5, 2017

Added 10 July SPY 249 Calls at 0.61 debit as an upside hedge for the Unbalanced Iron Condor

This is the updated risk profile picture. Basically the Unbalanced Iron Condor now looks like an Elephant.
Next defense point is SPX 2,475

For details about the management of Unbalanced Elephant positions consider an membership, where there is also material that discusses how to put this type of position in small accounts too.

Check out 2017 Track Record

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

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