Home › Forums › ** Tiered April SPX Income Trade › Reply To: ** Tiered April SPX Income Trade
April 7, 2014 at 9:29 am
#2188
Keymaster
Because the IV in the options was so low, we had to wait a while for the profits to materialize.
The trade is currently sitting at 18% return on risk, which is close enough to my target 20%.
Close out SPX Iron Condor (it’s an iron condor now because we started with an iron butterfly and rolled the call side higher.)