{"id":9627,"date":"2015-06-23T14:38:00","date_gmt":"2015-06-23T14:38:00","guid":{"rendered":"https:\/\/trades.iwopremium.com\/?post_type=topic&p=3814"},"modified":"2017-11-22T15:01:59","modified_gmt":"2017-11-22T19:01:59","slug":"unbalanced-ic-in-spx","status":"publish","type":"post","link":"https:\/\/trades.iwopremium.com\/unbalanced-ic-in-spx\/","title":{"rendered":"[CLOSED] – Unbalanced IC in SPX"},"content":{"rendered":"

Below are strikes, the bid\/ask and the potential fills you can get:<\/p>\n

\"spx-order\"<\/a><\/p>\n

On the put side, I think a fill of 0.90 will work, and on the call side a fill of 1.50 should happen as the market is rallying a bit today.<\/p>\n

REMEMBER: this is an UNBALANCED iron condor. We are going HALF SIZE on the call side to mitigate the risk of a large move higher.<\/p>\n

IF SPX breaks 2150 then we will roll and add to the call side.<\/p>\n

\"spx-risk\"<\/a><\/p>\n

\n

Update: Jul 15th, 2015<\/h2>\n

Time to bail on the trade. We’ve got 30 days left to expiration which is the ideal exit time.<\/p>\n

Buy to close Aug 1980\/1970 put spread @.50 or lower<\/p>\n

Buy to close Aug 2200\/2100 call spread @0.40 or lower<\/p>\n

\n

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

Initial Margin:<\/strong>
\nSpread Width: 10,000
\nCall Credit: 5×1.50 = 750
\nPut Credit: 10×0.95 = 950
\nStarting Margin: 8300<\/p>\n

Call Spread:<\/strong>
\nEnter 5 @ 1.50, Exit @0.40
\nSpread Profits: 1.10
\nTotal Profits: 550<\/p>\n

Put Spread:<\/strong>
\nEnter 10 @ 0.95, Exit @0.50
\nSpread Profits: 0.45
\nTotal Profits: 450<\/p>\n

Total Outcome<\/strong>
\nCall Spread: +550
\nPut Spread: +450
\nP\/L 1,000<\/strong><\/p>\n

RoR: 12%<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Below are strikes, the bid\/ask and the potential fills you can get: On the put side, I think a fill of 0.90 will work, and on the call side a fill of 1.50 should happen as the market is rallying a bit today. REMEMBER: this is an UNBALANCED iron condor. We are going HALF SIZE […]<\/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":7,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":3,"_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\/9627"}],"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=9627"}],"version-history":[{"count":2,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/9627\/revisions"}],"predecessor-version":[{"id":10015,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/9627\/revisions\/10015"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=9627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=9627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=9627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}