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Archive for July 13th, 2009

***Closed***SPY iron condor initiated on 23 June 2009

July 13th, 2009

13 July 2009: Close trade

SPY (Standard & Poors Dep Rec) Iron Condor initiated on 23 June 2009

Trade Type: Low Probability, High Reward Iron Condor

Trade Summary

13 Jul 2009

SPY at 88.76 (+0.79)
4 days to expiration

Action: Close entire iron condor to lock in profit.

Buy to close SPY Jul 93 Call
Sell to close SPY Jul 95 Call
Buy to close SPY Jul 86 Put
Sell to close SPY Jul 84 Put

For a net price of $0.27-0.28 debit or better. [All TOS autotrade participants were filled at $0.28 debit.]
Profit or Loss: +$63 per entry.

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