Trade Update : SPY

Stock / Symbol: SPDR S&P 500 ETF / SPY;

Option Strategy: iron condor;
Trade entry date / price: 4 Feb / $191.39;
Price at trade post: $191.86;

Position:
short -1 SPY Feb16 199 call
long 1 SPY Feb16 200 call
short -1 SPY Feb16 183 put
long 1 SPY Feb16 182 put

Reasoning: With SPY essentially unchanged from when we put on this Iron Condor, we're able to let the position expire worthless today and realize the trade's full profit potential.

Max Risk: $77
Max Reward: $23 or 29% by Feb 19th [private_monthly] between 183 - 199
Suggested Upside Stop @ $198
Suggested Downside Stop @ $184
Realized Profit / Loss: $23 or 29% (pre-commission)

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