HD Iron Condor – 9/5/18

HD – 9/05/18 – Iron Condor

On 9/5 I decided to place an Iron Condor trade on HD. HD was trading at $204.27 with an implied volatility rank of 13, not great but I decided to go with it anyway.

When I placed the trade I had a 60.5% probability of success if I held to expiration.

I sold the 10/19 $215 Call and purchase the $220.00 Call to cover it, then sold the 10/19 $195 Put and purchased the $190 Put to finish up my Iron Condor.

On 9/25 my GTC order hit and I was able to close the trade for a profit after just 20 days. I made $39.00 on a risk of $385.00 or about 10.13%. The overall return was a little lower than I prefer but at least I made money.

Date   EXP Strike Price Ct C/P Cost Balance
09/05/18 SO 10/19/18 $215.00 $1.12 1 C $112.00 $112.00
09/05/18 BO 10/19/18 $220.00 $0.53 1 C -$53.00 $59.00
09/05/18 SO 10/19/18 $195.00 $1.50 1 P $150.00 $209.00
09/05/18 BO 10/19/18 $190.00 $0.90 1 P -$94.00 $115.00
09/25/18 BC 10/19/18 $215.00 $0.82 1 C -$82.00 $33.00
09/25/18 SC 10/19/18 $220.00 $0.29 1 C $29.00 $62.00
09/25/18 BC 10/19/18 $195.00 $0.43 1 P -$47.00 $15.00
09/25/18 SC 10/19/18 $190.00 $0.24 1 P $24.00 $39.00
Profit of: $39.00

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