EWZ – 9/4/18 – Broken Wing Iron Condor

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

 

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