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Tuesday, April 16, 2019

June SPX Unbalanced Iron Condor

Trade Details:

4 June SPX 2670/2660 Credit Put spread @0.60 credit each
1 June SPX 3050/3060 Credit Call spread @1.00 credit

Net Credit: $340
Max Risk: $3,660

Profit/Risk Profile


SPX Chart for future reference:


Trade Update (May 14, 2019)

Closed the Call side
1 June SPX 3050/3060 Credit Call spread @0.15 debit

Original credit received was 1.00
Net Gain: 0.85 or $85 in total dollar terms.

The Put side is still in play.



Trade Update (June 11, 2019)

Closed the Put side
4 June SPX 2670/2660 Credit Put spread @0.10 debit each

Original credit received was 0.60
Net Gain: 0.50 or $200 for 4 spreads in total dollar terms.

The total gain on the position is therefore $285 adding up the Put side gains and the Call side gains from May 14. On an initial max risk of $3,660 in the position, this profit represents a +7.8% return on risk.


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