January 2020 SPX Unbalanced Iron Condor

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<b>Trade Details:</b><br />
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4 January SPX 2790/2780 Credit Put spread @0.65 credit each<br />
1 January SPX 3230/3240 Credit Call spread @1.10 credit<br />
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Net Credit: $370<br />
Max Risk: $3,630<br />
44 days to Exp. <br />
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Profit/Risk Profile<br />
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<a href="https://1.bp.blogspot.com/-nHwGLRVb6VY/XeZ_koxHfQI/AAAAAAAAGsw/zNqfz8sLdn8pMFWQjWcuUWzQEeG8PxmGQCNcBGAsYHQ/s1600/SPX-Jan-2020-Unbalanced-Iron-Condor.PNG" imageanchor="1"><img border="0" data-original-height="465" data-original-width="1127" height="262" src="https://1.bp.blogspot.com/-nHwGLRVb6VY/XeZ_koxHfQI/AAAAAAAAGsw/zNqfz8sLdn8pMFWQjWcuUWzQEeG8PxmGQCNcBGAsYHQ/s640/SPX-Jan-2020-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/-ME9YlmJd7Bg/XeZ_ruMX7ZI/AAAAAAAAGs0/SswVQysj_H0O8z-n7zmdz0nkDXWiaeMLQCNcBGAsYHQ/s1600/SPX-Chart-20191203.PNG" imageanchor="1"><img border="0" data-original-height="870" data-original-width="1131" height="492" src="https://1.bp.blogspot.com/-ME9YlmJd7Bg/XeZ_ruMX7ZI/AAAAAAAAGs0/SswVQysj_H0O8z-n7zmdz0nkDXWiaeMLQCNcBGAsYHQ/s640/SPX-Chart-20191203.PNG" width="640" /></a></div>
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<b>Trade Update – December 16, 2019</b><br />
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Closed Call side at a loss<br />
<b>1 January SPX 3230/3240 Credit Call spread @3.00 debit</b><br />
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Original Credit received had been 1.10<br />
Net loss: 1.90&nbsp; ($190)<br />
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The Put side remains in play. With a $260 credit there, and looking very safe now, it should be a winner, enough to overcome the Call side loss and end up with a small profitable trade overall.<br />
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<b>Trade Update – January 6, 2020</b><br />
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<b>Closed Put side</b><br />
4 January SPX 2790/2780 Credit Put spread @0.05 debit<br />
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Original credit received was 0.65 per spread<br />
Net:&nbsp; 0.60 profit per spread = $240<br />
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Combining the gains from the Put side with the Dec 16 loss on the Call side, this is a small <span><b>$50</b></span> profit.<br />
Max Risk: $3,630.<br />
Return on Risk: <span><b>+1.4%</b></span><br />
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