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Short Term Iron Condor in SPX

Home › Forums › Income Trades › Short Term Iron Condor in SPX

  • This topic has 0 replies, 1 voice, and was last updated 9 years, 4 months ago by Steven Place.
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  • January 7, 2014 at 1:48 pm #2202
    Steven Place
    Keymaster

    This one came from igor in the chat. I really like the risk/reward and odds here.

    spx-

     

    Sell Feb 1915/1925 Bear Call Spread

    Sell Feb 1710/1700 Bull Put Spread

    You will need to split up the legs to get a good fill.

    Total Credit: 1.50-1.60

    If your unrealized loss hits -160 per spread, exit the trade. That puts initial stops around 1887 and 1732– and these will widen every day.

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