CHRISTMAS PROMOTION
LTOptions at a 33% discount during the Year End Holidays.
Tell me More

Thursday, September 12, 2019

November SPX Unbalanced Iron Condor

Trade Details:

4 November SPX 2710/2700 Credit Put spread @0.65 credit each
1 November SPX 3180/3190 Credit Call spread @1.05 credit

Net Credit: $365
Max Risk: $3,635
64 days to Exp.

Profit/Risk Profile


SPX Chart for future reference:



Trade Update - October 11, 2019

Closed Call side:
1 November SPX 3180/3190 Credit Call spread @0.15 debit

Original credit was 1.05. So, this is a 0.90 winner.  Or $90 in dollar terms for one spread.

Put side remains open.



Trade Update - October 21, 2019

Closed Put side:
4 November SPX 2710/2700 Credit Put spread @0.15 debit each

Original credit was 0.65 per
Net gain 0.50 per spread = $200

Combining both Put and the Call side it is a $290 total profit

On a Max risk of  $3,635, this is represents an 8% Return on Risk

We made 79% of the Max possible profit ($290 out of $365) with still 24 days to expiration. Time to close it and move on.




Go to the bottom of this page in order to see the Legal Stuff

No comments:

Post a Comment