Trade Details:
20 October SPX 2260/2250 Credit Put spreads 0.55 Credit ($1100)
8 October SPX 2540/2545 Credit Call spreads 0.50 Credit ($400)
Net Credit: $1,500
Days to Expiration: 56
Current SPX price barely above the 50-day average, so I'm being very conservative on the Call side here.
Profit picture:
(Click on image to enlarge)
An SPX Chart for future reference and self-study:
(Click on image to enlarge)
If you are interested in a responsible and sustainable way of trading options for consistent income with solid risk management, consider acquiring LTOptions, my options trading system to the last detail.
Check out 2017 Track Record
20 October SPX 2260/2250 Credit Put spreads 0.55 Credit ($1100)
8 October SPX 2540/2545 Credit Call spreads 0.50 Credit ($400)
Net Credit: $1,500
Days to Expiration: 56
Current SPX price barely above the 50-day average, so I'm being very conservative on the Call side here.
Profit picture:
(Click on image to enlarge)
An SPX Chart for future reference and self-study:
(Click on image to enlarge)
Trade Update - September 18, 2017
Closed 8 October SPX 2540/2545 Credit Call spreads 1.05 Dedit
Original Credit was 0.50 per spread.
Net loss is 0.55 or $440 in dollar terms for eight spreads
The 2260/2250 Put side remains in play
Closed 8 October SPX 2540/2545 Credit Call spreads 1.05 Dedit
Original Credit was 0.50 per spread.
Net loss is 0.55 or $440 in dollar terms for eight spreads
The 2260/2250 Put side remains in play
Trade Update - October 20, 2017
20 October SPX 2260/2250 Credit Put spreads expire for max profit ($1100)
Combining these gains from the Put side with the earlier losses of the Call side ($440), the October SPX Unbalanced Iron Condor ends up as a $660 winner.
20 October SPX 2260/2250 Credit Put spreads expire for max profit ($1100)
Combining these gains from the Put side with the earlier losses of the Call side ($440), the October SPX Unbalanced Iron Condor ends up as a $660 winner.
If you are interested in a responsible and sustainable way of trading options for consistent income with solid risk management, consider acquiring LTOptions, my options trading system to the last detail.
Check out 2017 Track Record
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