June SPX Unbalanced Iron Condor
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<b>Trade Details:</b><br />
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4 June SPX 2160/2150 Credit Put spread @0.95 credit each<br />
1 June SPX 3180/3190 Credit Call spread @1.10 credit<br />
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Net Credit: $490<br />
Max Risk: $3,150<br />
58 days to Exp. <br />
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Profit/Risk Profile<br />
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<a href="https://1.bp.blogspot.com/-mD0DNcHB3ws/XqBXiZmCv9I/AAAAAAAAGw4/FoioC0rtLbgRxDi55WtrfH7r4EqgzWBvgCNcBGAsYHQ/s1600/SPX-Unbalanced-IronCondor.PNG" imageanchor="1"><img border="0" data-original-height="448" data-original-width="1272" height="224" src="https://1.bp.blogspot.com/-mD0DNcHB3ws/XqBXiZmCv9I/AAAAAAAAGw4/FoioC0rtLbgRxDi55WtrfH7r4EqgzWBvgCNcBGAsYHQ/s640/SPX-Unbalanced-IronCondor.PNG" width="640" /></a></div>
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SPX Chart for future reference:<br />
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<a href="https://1.bp.blogspot.com/-bUUW1Y-2erw/XqBXo2x2_RI/AAAAAAAAGw8/n7iSZlBHI8wSyMM00stgm_FVNv0iLI1jACNcBGAsYHQ/s1600/SPX-Chart-20200422.PNG" imageanchor="1"><img border="0" data-original-height="863" data-original-width="1286" height="428" src="https://1.bp.blogspot.com/-bUUW1Y-2erw/XqBXo2x2_RI/AAAAAAAAGw8/n7iSZlBHI8wSyMM00stgm_FVNv0iLI1jACNcBGAsYHQ/s640/SPX-Chart-20200422.PNG" width="640" /></a></div>
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<b>Trade Update – May 12, 2020</b><br />
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Closed position entirely with still 37 days to expiration<br />
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4 June SPX 2160/2150 Credit Put spread @0.20 debit each<br />
Original Credit 0.95<br />
Profit: 0.75 ($300 in 4 spreads) <br />
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1 June SPX 3180/3190 Credit Call spread @0.55 debit<br />
Original Credit 1.10<br />
Profit 0.55 ($55 in 1 spread)<br />
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Total profit <span><b>$355 </b></span><br />
On a max risk of $3,155 this return represents a <span><b>+11.3%</b></span> Return on Risk<br />
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