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BookingAlpha Option Trading Advisory

Friday, June 26, 2020

August SPX Unbalanced Iron Condor

Trade Details:

4 August SPX 2430/2420 Credit Put spread @0.80 credit each
1 August SPX 3340/3350 Credit Call spread @0.95 credit

Net Credit: $415
Max Risk: $3,585
56 days to Exp.



Profit/Risk Profile


SPX Chart for future reference:



Trade Update - July 17, 2020


Closed Call side at a loss
1 August SPX 3340/3350 Credit Call spread @3.20 debit

Net loss $225

The Put side is still in




Trade Update - July 29, 2020

Closed Put side
4 August SPX 2430/2420 Credit Put spread @0.05 debit each
A profit of 0.75 per spread.  $300 in 4 spreads.

This, combined with the earlier loss on the Call side results in a net profit of $75,  a +2.1% return on risk.


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