Home › Forums › Income Lab › SPX 24 MAR Iron Condor (481) › Reply To: SPX 24 MAR Iron Condor (481)
February 15, 2017 at 11:08 am
#7645
IncomeLab (Old)
Participant
We’re going to roll up 2370/2380 Bear Call spread 30 points higher to 2400/2410. We’re also going to take off 7APR 2410 Call that we used as a hedge.
P/L graph
This leaves us with little NET credit so we’re going to look to sell another round of Bull Put spreads to bring in more credit.
Sell the hedge
IncomeLab Order Ticket | ||||
Type | Asset | Duration | Strike | C/P |
---|---|---|---|---|
STC | SPX | 7 APR 17 | 2410 | Call |
Total Credit: | 8.6 |
Roll the call spread
IncomeLab Order Ticket | |||||
Type | Size | Asset | Duration | Strike | C/P |
---|---|---|---|---|---|
BTC | Full Size | SPX | 24 MAR 17 | 2370 | Call |
STC | Full Size | SPX | 24 MAR 17 | 2380 | Call |
STO | Full Size | SPX | 24 MAR 17 | 2400 | Call |
BTO | Full Size | SPX | 24 MAR 17 | 2410 | Call |
Total Debit: | $1.70 |