EWZ – 9/4/18 – Iron Condor
Saw a quick opportunity to get into a high probability trade on EWZ. The implied volatility looked good and the chart supported my short positions.
On 9/4 I sold the 10/19 $37 Call and purchased the $40 Call to cover it. At the same time I sold the 10/19 $27 Put and purchased the $23 Put to finish up the condor with EWZ trading at $31.36. I had a pretty good profit zone and everything worked out great when the trade hit my GTC on 9/19, just 15 days later.
I finished with a profit of $44.00 on an initial risk of $311.00 or about 14% return. EWZ was trading at $32.73 when I closed.
| Date | EXP | Strike | Price | Ct | C/P | Cost | Balance | |
| 09/04/18 | SO | 10/19/18 | $37.00 | $0.54 | 1 | C | $54.00 | $54.00 |
| 09/04/18 | BO | 10/19/18 | $40.00 | $0.21 | 1 | C | -$21.00 | $33.00 |
| 09/04/18 | SO | 10/19/18 | $27.00 | $0.74 | 1 | P | $74.00 | $107.00 |
| 09/04/18 | BO | 10/19/18 | $23.00 | $0.14 | 1 | P | -$18.00 | $89.00 |
| 09/19/18 | BC | 10/19/18 | $37.00 | $0.37 | 1 | C | -$37.00 | $52.00 |
| 09/19/18 | SC | 10/19/18 | $40.00 | $0.07 | 1 | C | $7.00 | $59.00 |
| 09/19/18 | BC | 10/19/18 | $27.00 | $0.18 | 1 | P | -$18.00 | $41.00 |
| 09/19/18 | SC | 10/19/18 | $23.00 | $0.03 | 1 | P | $3.00 | $44.00 |
| Profit of: | $44.00 |
