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Tuesday, June 11, 2019

July SPX Unbalanced Iron Condor

Trade Details:

4 July SPX 2670/2660 Credit Put spread @0.65 credit each
1 July SPX 3040/3050 Credit Call spread @0.90 credit

Net Credit: $350
Max Risk: $3,650
37 days to Exp.

Profit/Risk Profile


SPX Chart for future reference:



Trade Update  - July  2, 2019

Closed the entire position:
4 July SPX 2670/2660 Credit Put spread @0.10 debit each
Original Credit was 0.65 per
Net gain is 0.55 per spread.  $220

1 July SPX 3040/3050 Credit Call spread @0.60 debit
Original Credit was 0.90 per
Net gain is 0.30 per spread.  $30

Total gain: $250
On a max risk of $3650 in the position, this represents a +6.8% Return on Risk.


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