Stock / Symbol: SPDR S&P 500 ETF / SPY;
Option Strategy: [private_monthly] iron condor[/private_monthly];
Trade entry date: Jan 14;
Price at trade post: $146.70;
Price at this adjustment: $151.30
Current Position:
[private_monthly]
Short -3 SPY Feb13 152 calls
Short -3 SPY Feb13 153 calls
Long 6 SPY Feb13 155 calls
Short -6 SPY Feb13 138 puts
Long 6 SPY Feb13 135 puts
Reasoning: Not quite at our upside stop but going to take some upside risk off here. [/private_monthly]
Adjustment Details:
[private_monthly]
BTC -3 SPY Feb13 152 calls
STC 3 SPY Feb13 155 calls
for a max net debit of $0.78 per contract. The ask is currently at $0.76 (day order, limit order).
[/private_monthly]
Non-members, click here for access
