Home › Forums › Member Trades › TLT – Sep Iron Condor › Reply To: TLT – Sep Iron Condor
August 29, 2015 at 5:08 pm
#4237
Ken
Participant
Overall, this was a mildly successful trade.
Pros: I accomplished my goal of constructing and executing a “first time” D-I-Y Iron Condor following completion of the IC course.
Cons: Premiums on the 14 delta strikes weren’t great, so instrument selection could have been better. Also, round-trip commissions on 10 contracts ate into profit.
As an aside, current price on TLT remains inside the short strikes increasing the probability that both spreads may expire worthless, which would have reduced trade cost.