** Iron Condor SPX Jun Cycle Home › Forums › ** Iron Condor SPX Jun Cycle This topic has 1 reply, 1 voice, and was last updated 9 years ago by Steven Place. Viewing 2 posts - 1 through 2 (of 2 total) Author Posts April 24, 2014 at 12:44 pm #2177 Steven PlaceKeymaster Going to put on a 200 point wide iron condor in the SPX: Sell to open Jun 1760/1750 bull put spread for 1.10 Sell to open Jun 1960/1970 bear call spread for 1.15 These are about the 15 delta short strikes. If the SPX moves to 1925, we will roll up the put spread higher, and buy some VXX puts. If the SPX moves to 1800 we will buy some out of the money put calendars to hedge. May 12, 2014 at 8:43 am #2178 Steven PlaceKeymaster Closing this one out for about a 13% return on risk. I”d chase for more but the market looks like it’s going to breakout here so I’d rather stalk reentries than try to adjust a trade gone bad. Author Posts Viewing 2 posts - 1 through 2 (of 2 total) You must be logged in to reply to this topic. Log In Username: Password: Keep me signed in Log In