August SPX Unbalanced Iron Condor
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<b>Trade Details:</b><br />
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4 August SPX 2430/2420 Credit Put spread @0.80 credit each<br />
1 August SPX 3340/3350 Credit Call spread @0.95 credit<br />
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Net Credit: $415<br />
Max Risk: $3,585<br />
56 days to Exp.<br />
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Profit/Risk Profile<br />
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<a href="https://1.bp.blogspot.com/-qsucWQM58Bk/XvZWlN3F6EI/AAAAAAAAGyw/B6rIOjDD8DQi0O1_NEiRt8dqDV-r_9GWgCNcBGAsYHQ/s1600/SPX-Unbalanced-Iron-Condor.PNG"><img border="0" data-original-height="507" data-original-width="1201" height="270" src="https://1.bp.blogspot.com/-qsucWQM58Bk/XvZWlN3F6EI/AAAAAAAAGyw/B6rIOjDD8DQi0O1_NEiRt8dqDV-r_9GWgCNcBGAsYHQ/s640/SPX-Unbalanced-Iron-Condor.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/-AOT8H9pAAZw/XvZWuWc97NI/AAAAAAAAGy0/Moco58P_9F8KlPYW3QBptUgT09YT0D7CACNcBGAsYHQ/s1600/SPX-Chart-20200626.PNG"><img border="0" data-original-height="870" data-original-width="1193" height="466" src="https://1.bp.blogspot.com/-AOT8H9pAAZw/XvZWuWc97NI/AAAAAAAAGy0/Moco58P_9F8KlPYW3QBptUgT09YT0D7CACNcBGAsYHQ/s640/SPX-Chart-20200626.PNG" width="640" /></a></div>
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<b>Trade Update – July 17, 2020</b></div>
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<a href="https://1.bp.blogspot.com/-8zIG8WpxgrY/XxIRh-Y0U5I/AAAAAAAAGzU/1UvbtQvZnUgXn-Q5Kn2f4VXvdpIkr_JrwCNcBGAsYHQ/s1199/SPX-20200717.PNG" imageanchor="1"><img border="0" data-original-height="615" data-original-width="1199" height="328" src="https://1.bp.blogspot.com/-8zIG8WpxgrY/XxIRh-Y0U5I/AAAAAAAAGzU/1UvbtQvZnUgXn-Q5Kn2f4VXvdpIkr_JrwCNcBGAsYHQ/w640-h328/SPX-20200717.PNG" width="640" /></a></div>
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Closed Call side at a loss</div>
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<b>1 August SPX 3340/3350 Credit Call spread @3.20 debit</b></div>
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Net loss $225</div>
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The Put side is still in</div>
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<b>Trade Update – July 29, 2020</b><br />
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<b>Closed Put side</b><br />
4 August SPX 2430/2420 Credit Put spread @0.05 debit each<br />
A profit of 0.75 per spread. $300 in 4 spreads.<br />
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This, combined with the earlier loss on the Call side results in a net profit of <b><span>$75</span></b>, a <b><span>+2.1%</span></b> return on risk.<br />
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