SPX MAR’15 Iron Condor

IncomeLab Forum Forums Income Lab SPX MAR’15 Iron Condor

This topic contains 4 replies, has 2 voices, and was last updated by  Igor 5 years, 5 months ago.

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  • #2996

    Igor
    Keymaster

    Sold a 13 delta call and a 12 delta put (10 wide) Iron Condor in MAR(56DTE):

    SOLD -5 IRON CONDOR SPX 100 MAR 15 2160/2170/1870/1860 CALL/PUT @1.90 CBOE

    This trade is 56 DTE, I will look to capture 50% of credit before scaling out. Current mid shows 2.05 but I was sitting on 1.90 for a while before getting filled. Any questions? Find me in the chat

    #3001

    Igor
    Keymaster

    Closing 2160/2170 bear call spread:

    BOT +5 VERTICAL SPX 100 MAR 15 2160/2170 CALL @.30 CBOE

    1870 put delta around 20 and I will look to adjust soon. With 49 DTE I may buy OTM put to cut directional exposure.

    Position greeks:
    Delta: 6.66
    Gamma: -0.05
    Theta: 7.32
    Vega: -41.36

    #3000

    Igor
    Keymaster

    I managed to get a fill in SPX MAR 2150/2160 bear call for 1.00 credit. I only sold 1 against 5 bull puts that I’m holding:

    SELL -1 VERTICAL SPX 100 MAR 15 2150/2160 CALL @1.00 LMT CBOE

    #2999

    Igor
    Keymaster

    Closing SPX MAR Iron Condor:

    1. BOT +5 VERTICAL SPX 100 MAR 15 1870/1860 PUT @.30 CBOE
    2. BUY +1 VERTICAL SPX 100 MAR 15 2150/2160 CALL @2.00 LMT

    Credit to open: 950
    Debit to close: 300
    Loss from 2150/2160 call spread: 100
    P/L: 550
    Margin:4050
    ROR: 13.58%

    #2998

    Igor
    Keymaster

    You are the undisputed king of index iron condors. I sometimes follow your trades but use the ETF’s.

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