Stock / Symbol: Nasdaq ETF / QQQ
Strategy: Iron Condor
Trade entry date / price: 19 Jul 2021 / $353.35
Trade exit date / price: 30 Jul 2021 / $364.57
Recap: The remaining 368/370 call spread expired worthless on Friday, thus closing out this trade.
Opening Position:
Short 1 QQQ 23Jul21 354 call
Long 1 QQQ 23Jul21 355 call
Short 1 QQQ 23Jul21 352 put
Long 1 QQQ 23Jul21 351 put
Opened for a net credit of $0.85 per contract
Closing Position:
Short 1 QQQ 30Jul21 368 call
Long 1 QQQ 30Jul21 370 call
For an effective net credit of $0.07 per contract (accounting for the entry order and all subsequent adjustments)
Analysis:
Max Risk: $193
Max Reward: $7 or 3.6% with QQQ under $368 on Jul 30th
Profit Range: QQQ under $368 at market close on Jul 30th
Commission (round trip): $15.60
Realized Profit / Loss: $7 or 3.6% (pre commission)
