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BookingAlpha Option Trading Advisory

Tuesday, July 2, 2019

August SPX Unbalanced Iron Condor

Trade Details:

4 August SPX 2730/2740 Credit Put spread @0.60 credit each
1 August SPX 3080/3090 Credit Call spread @1.00 credit

Net Credit: $340
Max Risk: $3,660
44 days to Exp.

Profit/Risk Profile


SPX Chart for future reference:




Trade Update - July 31, 2019

Closed the position

4 August SPX 2730/2740 Credit Put spread @0.10 debit each
Original Credit was 0.60 per
Net gain: 0.50 per.   $200 in dollar terms for 4 spreads

1 August SPX 3080/3090 Credit Call spread @0.50 debit
Original Credit was 1.00
Net gain: 0.50 per.   $50 in dollar terms for 1 spread
Total gain: +$250
On a max risk of $2,660 this represents a +6.8% Return on Risk



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