September SPX Unbalanced Iron Condor
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<b>Trade Details:</b><br />
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4 September SPX 2775/2765 Credit Put spread @0.65 credit each<br />
1 September SPX 3490/3500 Credit Call spread @0.90 credit<br />
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Net Credit: $350<br />
Max Risk: $3,650<br />
50 days to Exp.<br />
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Profit/Risk Profile<br />
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<a href="https://1.bp.blogspot.com/-nu9eFuGT8xo/XyGYXmvJUVI/AAAAAAAAGzs/a7e7-Xi0do4AH926dnS_ZFJezunHSLM5gCNcBGAsYHQ/s1600/SPX-Profile.PNG"><img border="0" data-original-height="461" data-original-width="1138" height="258" src="https://1.bp.blogspot.com/-nu9eFuGT8xo/XyGYXmvJUVI/AAAAAAAAGzs/a7e7-Xi0do4AH926dnS_ZFJezunHSLM5gCNcBGAsYHQ/s640/SPX-Profile.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/-iKLtcqsZULI/XyGYuqMaSeI/AAAAAAAAGz0/5-tMHFAYY4cw3cXEwRXeE375PdM6bSn7QCNcBGAsYHQ/s1600/SPX-Chart-20200729.PNG"><img border="0" data-original-height="862" data-original-width="1158" height="476" src="https://1.bp.blogspot.com/-iKLtcqsZULI/XyGYuqMaSeI/AAAAAAAAGz0/5-tMHFAYY4cw3cXEwRXeE375PdM6bSn7QCNcBGAsYHQ/s640/SPX-Chart-20200729.PNG" width="640" /></a></div>
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<b>Trade Update – August 7</b></div><div dir="ltr" trbidi="on"><br /></div><div><a href="https://1.bp.blogspot.com/-BYJhsYRAVDI/Xy1w-TyPvKI/AAAAAAAAG0E/8d-gaNQuByAAAY_VEVqFG9HMKnyTh92KQCNcBGAsYHQ/s1295/SPX-Aug7.PNG"><img border="0" data-original-height="611" data-original-width="1295" src="https://1.bp.blogspot.com/-BYJhsYRAVDI/Xy1w-TyPvKI/AAAAAAAAG0E/8d-gaNQuByAAAY_VEVqFG9HMKnyTh92KQCNcBGAsYHQ/s640/SPX-Aug7.PNG" width="640" /></a></div><div dir="ltr" trbidi="on"><br /></div><div dir="ltr" trbidi="on">Closed Call side</div><div dir="ltr" trbidi="on">1 September SPX 3490/3500 Credit Call spread @2.10 debit</div><div dir="ltr" trbidi="on"><br /></div><div dir="ltr" trbidi="on">A $120 loss.</div><div dir="ltr" trbidi="on"><br /></div><div dir="ltr" trbidi="on">Put side remains in play, now looking safer and with a $260 credit.</div><div dir="ltr" trbidi="on"><br /></div><div dir="ltr" trbidi="on"><br /></div><div dir="ltr" trbidi="on"><div dir="ltr" trbidi="on"><hr /></div><div dir="ltr" trbidi="on"><b>Trade Update – August 27</b></div><div dir="ltr" trbidi="on"><b><br /></b></div></div>
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<div dir="ltr" trbidi="on">Closed Put side</div><div dir="ltr" trbidi="on">4 September SPX 2775/2765 Credit Put spread @0.10 debit each</div><div dir="ltr" trbidi="on"><br /></div><div dir="ltr" trbidi="on">Profit of 0.55 per spread for a total of $220 gain</div><div dir="ltr" trbidi="on"><br /></div><div dir="ltr" trbidi="on"><br /></div><div dir="ltr" trbidi="on">This, combined with the earlier loss on the Call side of $120 results in a net<span> <b>+$100</b></span> profitable trade</div><div dir="ltr" trbidi="on"><b><span>+2.7%</span></b> Return on Risk</div><div dir="ltr" trbidi="on"><br /></div>
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