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 |
