{"id":9397,"date":"2014-04-24T12:44:59","date_gmt":"2014-04-24T17:44:59","guid":{"rendered":"https:\/\/trades.iwopremium.com\/forums\/topic\/iron-condor-spx-jun-cycle\/"},"modified":"2017-11-22T17:26:45","modified_gmt":"2017-11-22T21:26:45","slug":"iron-condor-spx-jun-cycle","status":"publish","type":"post","link":"https:\/\/trades.iwopremium.com\/iron-condor-spx-jun-cycle\/","title":{"rendered":"[CLOSED] – Iron Condor SPX Jun Cycle"},"content":{"rendered":"

Going to put on a 200 point wide iron condor in the SPX:<\/p>\n

Sell to open Jun 1760\/1750 bull put spread for 1.10
\nSell to open Jun 1960\/1970 bear call spread for 1.15<\/p>\n

These are about the 15 delta short strikes.<\/p>\n

\"spx-iron-condor\"<\/a><\/p>\n

If the SPX moves to 1925, we will roll up the put spread higher, and buy some VXX puts.<\/p>\n

If the SPX moves to 1800 we will buy some out of the money put calendars to hedge.<\/p>\n

\n

Update: May 12, 2014<\/h2>\n

Closing this one out. 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.<\/p>\n

\"spx\"<\/p>\n

\"\"<\/p>\n

 <\/p>\n

\"\"<\/p>\n

Buy to Close SPX Jun 1760\/1750 Put Spread @0.50<\/p>\n

Buy to Close SPX Jun 1960\/1970 @1.10<\/p>\n

 <\/p>\n

\n

Margin and P\/L<\/h2>\n

Margin:<\/strong>
\nSpread Width: 10000
\nCall Spread: 1110
\nPut Spread: 1150
\nMargin: 7740<\/p>\n

P\/L<\/p>\n

Put Spread
\nEnter at 1.10, Exit at 0.50
\nProfit: 600<\/p>\n

Call Spread
\nEnter at 1.15, Exit at 1.10
\nProfit: 50<\/p>\n

Total Profits: 650<\/p>\n","protected":false},"excerpt":{"rendered":"

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, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":1,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":1,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":""},"categories":[29,27],"tags":[],"_links":{"self":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/9397"}],"collection":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/comments?post=9397"}],"version-history":[{"count":2,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/9397\/revisions"}],"predecessor-version":[{"id":10068,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/9397\/revisions\/10068"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=9397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=9397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=9397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}