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18 Aug 2010: Close Trade

SPY (Standard & Poors Dep Rec) Iron Condor initiated on 26 Jul 2010

Trade Type: Low Probability, High Reward Iron Condor

Trade Summary

18 Aug 2010

SPY at 110.155 (+0.575)
2 days to expiration

Action: Close iron condor for Aug expiration.

Buy to close SPY Aug 114 Call
Sell to close SPY Aug 116 Call
Buy to close SPY Aug 107 Put
Sell to close SPY Aug 105 Put

For a net price of $0.10 debit or better.
Profit or Loss: +$85 per entry

Past Trades Iron Condor, SPY

16 July: Close call spread

SPY (Standard & Poors Dep Rec) Iron Condor initiated on 29 June 2010

Trade Type: Low Probability, High Reward Iron Condor

Trade Summary

16 Jul 2010

SPY at 107.37 (–2.305)
17 days to expiration

Action: Close call spread.

Buy to close SPY Jul 108 Call
Sell to close SPY Jul 110 Call

For a net price of $0.15 debit or better.
Profit or loss: +$81 per entry
Net margin required: $104 per entry

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Past Trades Iron Condor, SPY