MarketNeutralOptions.com

What a day! We were prepared for a major move (both up and down). But we didn’t expect it to be a more than 4% move across the board! With such a selloff today, it won’t be too surprising to see the selloff continues tomorrow. Although this SPY iron condor is in pretty good shape at the moment, we decided to close up the put spread to protect ourselves against more downside risk.

Past Trades Iron Condor, SPY

This is another good iron condor for Feb. We entered this trade on 15 Jan for $2.35 credit, we closed it today for $0.25. This trade makes a profit of $210 per entry. On a margin of $765, this is a 27.45% profit. As such, this trade will cost you $27.45 for your Feb’s bill.

Past Trades Iron Condor, RUT