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Saturday, July 26, 2014

September 2014 SPX Iron Condor

On Thursday I opened an SPX Iron Condor:

For the model portfolio that is 4 contracts per leg.
Max Risk: 4.15 ($1660)
Max profit: 0.85 ($340)
Days to expiration: 57

I didn't write and article on Thursday as I couldn't find the time to do so. But I'm doing it now to keep a reference to the trade entry in a single article and not mixed up with the Weekend Portfolio Analysis that I'll write up after this.

Here's a chart of the SPX Index as of July 25 market close
(Click on image to enlarge)

With this trade these are the current positions in the model portfolio:
August RUT 1050/1060/1260/1270 Iron Condor $292 credit
September RUT 980/990 Bull Put Spread $120 credit 
September SPX 1815/1820/2065/2070 Iron Condor $340 credit

Everything's looking good right now and no position is under threat for the time being.

Check out 2014 Track Record

Related Articles:
Weekend Portfolio Analysis (August 2, 2014)
Weekend Portfolio Analysis (August 9, 2014)
Weekend Portfolio Analysis (August 15, 2014)
Weekend Portfolio Analysis (August 22, 2014)
Weekend Portfolio Analysis (August 30, 2014)
Weekend Portfolio Analysis (September 6, 2014)
Weekend Portfolio Analysis (September 13, 2014)
Position expires yielding Max Profit (September 19, 2014)

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