Home › Forums › Income Lab › SPX 23JUN Iron Condor (529) › Reply To: SPX 23JUN Iron Condor (529)
June 7, 2017 at 10:09 am
#8047
IncomeLab (Old)
Participant
This trade was closed:
https://trades.iwopremium.com/forums/topic/spx-23jun-iron-condor/page/2/#post-8021
https://trades.iwopremium.com/forums/topic/spx-23jun-iron-condor/page/2/#post-8024
However, selling a put spread with 16 days to expiration may not be the best trade here. 2370/2360 is trading for about .60c. Unless SPX trades much higher that premium is going to stick and this put spread will need to be held through expiration to collect max profit. IF SPX trades 30 points lower over the next 8 days this put will be trading around 1.20 – so risk reward isn’t there.