Home › Forums › Income Lab › SPX 31 AUG Iron Condor (586) › Reply To: SPX 31 AUG Iron Condor (586)
August 8, 2017 at 12:18 pm
#8345
IncomeLab (Old)
Participant
We’re going to BUY TO CLOSE 2370/2360 Bull Put spread and SELL TO OPEN another spread at higher strike prices.
IncomeLab Order Ticket | ||||
Type | Asset | Duration | Strike | C/P |
---|---|---|---|---|
BTC | SPX | 31 AUG 17 | 2370 | Put |
STC | SPX | 31 AUG 17 | 2360 | Put |
Total Debit: | $0.30 |
SELL TO OPEN 2425/2415 Bull Put spread
IncomeLab Order Ticket | ||||
Type | Asset | Duration | Strike | C/P |
---|---|---|---|---|
STO | SPX | 31 AUG 17 | 2425 | Put |
BTO | SPX | 31 AUG 17 | 2415 | Put |
Total Credit: | $0.70 |
P/L graph:
We’re also going to make an adjustment on the upside when 2510 Call’s delta reaches 30. We’ll roll 2510/2520 Bear Call spread up to 2525/2535 and take off any OTM hedges we’ve used.