DIA – 9/4/18 – Iron Condor
I started this trade with DIA trading at 259.18 and it did not go as smoothly as some of my others. On 10/3 I was considering rolling this trade out another month or closing for a small profit.
In the end I decided to hold and let the probabilities play out a little longer. DIA cooperated and pulled back and hit my updated GTC order on 10/8. I say updated because I decided to take less profit on the pull back as opposed to holding to see what happened. Perhaps I got a little lucky here or perhaps the percentages favored me.
I closed this trade for a $64.00 profit on a risk of $756.00 or 8.47% over 34 days.
| Date | EXP | Strike | Price | Ct | C/P | Cost | Balance | |
| 09/04/18 | BO | 10/19/18 | $244.00 | $1.12 | 2 | C | -$224.00 | -$224.00 |
| 09/04/18 | SO | 10/19/18 | $249.00 | $1.62 | 2 | C | $324.00 | $100.00 |
| 09/04/18 | SO | 10/19/18 | $267.00 | $1.14 | 2 | P | $228.00 | $328.00 |
| 09/04/18 | BO | 10/19/18 | $272.00 | $0.42 | 2 | P | -$84.00 | $244.00 |
| 10/08/18 | BC | 10/19/18 | $267.00 | $0.85 | 2 | C | -$170.00 | $74.00 |
| 10/08/18 | SC | 10/19/18 | $272.00 | $0.15 | 2 | C | $30.00 | $104.00 |
| 10/08/18 | BC | 10/19/18 | $249.00 | $0.47 | 2 | P | -$94.00 | $10.00 |
| 10/08/18 | SC | 10/19/18 | $244.00 | $0.27 | 2 | P | $54.00 | $64.00 |
| Profit of: | $64.00 |
