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Archive for August 17th, 2009

***Closed***SPY iron condor initiated on 31 July 2009

August 17th, 2009

17 Aug: Closed iron condor (ETF iron condor)

SPY (Standard & Poors Dep Rec) Iron Condor initiated on 31 July 2009

Trade Type: Low Probability, High Reward Iron Condor

Trade Summary

17 Aug 2009

SPY at 98.55 (-2.25)
4 days to expiration

Action: Close entire trade to lock in profit.

Buy to close SPY Aug 101 Call
Sell to close SPY Aug 103 Call
Buy to close SPY Aug 95 Put
Sell to close SPY Aug 93 Put

For a net price of $0.38 debit or better.
Profit or Loss: +$53 per entry

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