GLD – 8/25/16
Decided to enter a GLD Iron Condor. I normally do not like trading condor’s on anything but the indexes and maybe SPY, DIA or QQQ. However I decided to try my hand at a GLD trade. Overall the trade was successful with a respectable return for a 30 day trade, but I am still not fond of trading condors outside my comfort zone unless everything lines up perfectly.
Most of the time when I enter a condor I set my close price. Usually 25% to 50% of the potential. When that hits I let it close automatically.
Overall risk was $4,000.00 minus the credit I received of $350.00 or $3,650.00. I closed with a profit of $270.00 or a return of 7.4% for a 28 day investment. About 96.43% annualized.
|
Date |
Sym |
Action |
Exp. |
Strike |
Price |
Contracts |
Type |
Cost |
Balance |
|
08/25/16 |
GLD |
BTO |
OCT16 |
112 |
-$.14 |
10 |
Put |
-$140.00 |
-$140.00 |
|
08/25/16 |
GLD |
STO |
OCT16 |
116 |
$.34 |
10 |
Put |
$340.00 |
$200.00 |
|
08/25/16 |
GLD |
STO |
OCT16 |
140 |
$.41 |
10 |
Call |
$410.00 |
$610.00 |
|
08/25/16 |
GLD |
BTO |
OCT16 |
144 |
-$.26 |
10 |
Call |
-$260.00 |
$350.00 |
|
09/22/16 |
GLD |
STC |
OCT16 |
144 |
$.02 |
10 |
Call |
$20.00 |
$370.00 |
|
09/22/16 |
GLD |
BTC |
OCT16 |
140 |
-$.07 |
10 |
Call |
-$70.00 |
$300.00 |
|
09/22/16 |
GLD |
BTC |
OCT16 |
116 |
-$.04 |
10 |
Put |
-$40.00 |
$260.00 |
|
09/22/16 |
GLD |
STC |
OCT16 |
112 |
$.01 |
10 |
Put |
$10.00 |
$270.00 |
