EWZ – 9/04/18 – Broken Wind Iron Condor
I took this trade out the same day I did the EWZ trade above. I traded it as a comparison to different strategies and risk/reward expectations.
Both trades were profitable (this time) I typically don’t trade the same security with two different strategies at the same time unless it is some kind of hedge trade. I did it this time just for you and this book.
When I entered this trade on 9/4 as a Broken Wind Iron Condor I traded it so that I had no upside risk and my downside break even as at $29.03. Remember a Broken Wind Iron Condor is somewhat of a directional play as compared to a regular Iron Condor.
Everything went very well and on 9/21 my GTC order was hit and the position closed. My overall risk was $406.00 and my max profit would have been $394.00 if I held to the end, which I don’t usually do. Instead I closed early for a profit of $144.00 or 35.47% over 17 days. Wish all my trades worked out this well!