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Wednesday, October 7, 2020

SPX November Unbalanced Iron Condor

Trade Details:

4 November SPX 2930/2930 Credit Put spread @0.80 credit each
1 November SPX 3720/3730 Credit Call spread @0.90 credit

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



Profit/Risk Profile

 
 
 SPX Chart for future reference:
 

Trade Update - November 10, 2020
 
Closed entire position
 
4 November SPX 2930/2930 Credit Put spread @0.10 debit each
0.70 gain per contract. $280
 
1 November SPX 3720/3730 Credit Call spread @0.45 debit
0.45 gain. $45

Total profit $325
On a $3,590 max risk it, that represents a +9.1% Return on Risk


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