We’re going to shift this IC again. 2360/2350 Bear Call trading around .80c and 2130/2120 Bull Put is trading around .90c This should give us a total credit of 1.70
If either credit spreads trades for more than $1.05 we’ll have to change strikes again. The reason for that is that we want around the same credit for each side of this Iron Condor.
| IncomeLab Order Ticket | ||||
| Type | Asset | Duration | Strike | C/P |
|---|---|---|---|---|
| BTO | SPX | 28 FEB 17 | 2370 | Call |
| STO | SPX | 28 FEB 17 | 2360 | Call |
| STO | SPX | 28 FEB 17 | 2130 | Put |
| BTO | SPX | 28 FEB 17 | 2120 | Put |
| Total Credit: | $1.70-$1.80 | |||