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!
| Date | EXP | Strike | Price | Ct | C/P | Cost | Balance | |
| 09/04/18 | SO | 10/19/18 | $31.00 | $2.46 | 2 | C | $492.00 | $492.00 |
| 09/04/18 | BO | 10/19/18 | $32.00 | $2.00 | 2 | C | -$400.00 | $92.00 |
| 09/04/18 | SO | 10/19/18 | $31.00 | $2.28 | 2 | P | $456.00 | $548.00 |
| 09/04/18 | BO | 10/19/18 | $27.00 | $0.77 | 2 | P | -$154.00 | $394.00 |
| 09/21/18 | BC | 10/19/18 | $31.00 | $3.50 | 2 | C | -$700.00 | -$306.00 |
| 09/21/18 | SC | 10/19/18 | $32.00 | $2.78 | 2 | C | $556.00 | $250.00 |
| 09/21/18 | BC | 10/19/18 | $31.00 | $0.60 | 2 | P | -$120.00 | $130.00 |
| 09/21/18 | SC | 10/19/18 | $27.00 | $0.07 | 2 | P | $14.00 | $144.00 |
| Profit of: | $144.00 |
