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BookingAlpha Option Trading Advisory

Wednesday, April 22, 2020

June SPX Unbalanced Iron Condor

Trade Details:

4 June SPX 2160/2150 Credit Put spread @0.95 credit each
1 June SPX 3180/3190 Credit Call spread @1.10 credit

Net Credit: $490
Max Risk: $3,150
58 days to Exp.



Profit/Risk Profile


SPX Chart for future reference:



Trade Update - May 12, 2020

Closed position entirely with still 37 days to expiration

4 June SPX 2160/2150 Credit Put spread @0.20 debit each
Original Credit 0.95
Profit: 0.75  ($300 in 4 spreads)


1 June SPX 3180/3190 Credit Call spread @0.55 debit
Original Credit 1.10
Profit 0.55 ($55 in 1 spread)

Total profit $355
On a max risk of $3,155 this return represents a +11.3% Return on Risk


Check out Track Record


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