Home › Forums › Income Lab › SPX 24 MAR Iron Condor (481) › Reply To: SPX 24 MAR Iron Condor (481)
February 28, 2017 at 12:02 pm
#7690
IncomeLab (Old)
Participant
We’re going to BUY TO CLOSE 2250/2240 Bull Put spread here
IncomeLab Order Ticket | ||||
Type | Asset | Duration | Strike | C/P |
---|---|---|---|---|
BTC | SPX | 24 MAR 17 | 2250 | Put |
STC | SPX | 24 MAR 17 | 2240 | Put |
Total Debit: | $0.40 |
We’re also going to SELL TO OPEN 2290/2280 Bull Put
IncomeLab Order Ticket | ||||
Type | Asset | Duration | Strike | C/P |
---|---|---|---|---|
STO | SPX | 24 MAR 17 | 2290 | Put |
BTO | SPX | 24 MAR 17 | 2280 | Put |
Total Credit: | $0.90-$1.00 |
This is the 3rd put spread for this trade. We have to be careful here because IF SPX reverts and starts to trade below 2330 this trade will start to accumulate POSITIVE delta.
P/L graph