Closing Trade : DIA

Stock / Symbol: SPDR Dow Jones Industrial Average ETF / DIA;

Option Strategy: iron condor;
Trade entry date / price: 14 Eec / $172.85:\;
Price at trade exit: $175.40;

Reasoning: With this trade reaching 70% of it's profit potential, closing it out now to book the win and take the risk off. Current greeks are: delta of -0.3, a theta of 1.3 and a negative vega of -4.6.

Closing Trade Details:
BTC -2 DIA Jan16 184 calls
STC 2 DIA Jan16 186 calls
BTC -2 DIA Jan16 161 puts
STC 2 DIA Jan16 159 puts
for a max net debit of $0.08 per contract (GTC order, limit order). It \may take until next week to fill.

Max Risk: $344
Max Reward: $56 or 16% between 161 - 184 by 15 Jan
Profit Range: $171 to $183 by 15 Jan
Suggested Downside stop: @ $164
Suggested Upside stop: @ $181
Profit / Loss upon fill: $40 or 11.6% (pre-commission)

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Positive Theta