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 |
