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Monday, August 19, 2019

October SPX Unbalanced Iron Condor

Trade Details:

4 October SPX 2590/2580 Credit Put spread @0.75 credit each
1 October SPX 3100/3110 Credit Call spread @1.10 credit

Net Credit: $410
Max Risk: $3,590
59 days to Exp.

Profit/Risk Profile


SPX Chart for future reference:



Trade Update - September 12, 2019


Before I get complications on the Call side, I decided to close it all and deploy the Capital in the November cycle

Closed entire position:

4 October SPX 2590/2580 Credit Put spread @0.10 debit each
Original credit was 0.75 so this is a 0.65 gain x 4 = $260

1 October SPX 3100/3110 Credit Call spread @2.00 debit
 Original credit was 1.10 so this is a $90 loss

Combining profit from the Put side and loss from the Call side, this was overall a $170 profit.
On a Max Risk of $3,590 this represents a +4.7% Return on Risk




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