Stock / Symbol: S&P 500 INDEX / SPX
Strategy: Iron Condor
Trade entry date / price: 26 Oct 2020 / $3382.76
Trade exit date / price: 03 Nov 2020 / $3382.92
Recap: Our exit order filled yesterday at 12:40pm PST.
Trade Recap:
Short 1 SPX 30Oct20 3550 call
Long 1 SPX 30Oct20 3555 call
Short 1 SPX 30Oct20 3245 put
Long 1 SPX 30Oct20 3240 put
Short 1 SPX 06Nov20 3145 put
Long 1 SPX 06Nov20 3135 put
In for a net credit of $0.75 per contract and out for a net debit of $0.65 per contract.
Analysis:
Max Risk: $925
Min Reward: $75 or 8% with SPX at/over $3145 on Nov 6th
Profit Range: SPX over $3144.50 on Nov 6th
Estimated Commission (round trip): $6.50
Suggested Downside Stop at: $3145
Realized Profit / Loss: $10 or 1% (pre commission)
