SPX Iron Condor 8/28/18

Look Back Trade.

SPX – 08/28/18 – Iron Condor

Once the above trade closed I immediately started looking for my next Condor in SPX. Once again I started with on side of the trade only. This time because SPX was spiking up I was able to get into the Call side of the trade first.

On 8/28 with SPX at $2900.35 I got my Call spread of $3030/$3040 filled for $.60.

It took me two days to get into the Put side of the trade. I had to adjust my strikes up a few times and lower my credit but I finally got the trade filled. Did not get the fills I wanted but I still feel pretty good about the position.

On 8/30 with SPX at $2901.50 I got my Put spread of $2705/$2695 filled for $.50.

If I held to close that would be about a 11.7% return on my risk. However, I set a GTC Order to keep about one half of my initial credit.

In the end my GTC hit on 9/17 and I ended this trade with a profit of $203.95 or 5.7% on a trade that lasted 20 days. This was a pretty simple SPX Iron Condor, I wish they all ended this way.

Date   EXP Strike Price Ct C/P Cost Balance
08/28/18 BO 10/19/18 3040 $3.48 4 C -$1,394.65 -$1,394.65
08/28/18 SO 10/19/18 3030 $4.08 4 C $1,624.40 $229.75
08/30/18 SO 10/19/18 2705 $10.00 4 P $3,997.35 $4,227.10
08/30/18 BO 10/19/18 2695 $9.50 4 P -$3,807.60 $419.50
09/17/18 SC 10/19/18 3040 $1.55 4 C $617.35 $1,036.85
09/17/18 BC 10/19/18 3030 $1.80 4 C -$722.65 $314.20
09/17/18 BC 10/19/18 2705 $4.70 4 P -$1,882.65 -$1,568.45
09/17/18 SC 10/19/18 2695 $4.45 4 P $1,772.40 $203.95
              Profit of: $203.95

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