Stock / Symbol:Nasdaq 100 / NDX
Option Strategy: iron condor
Trade entry date / price: Jun 13 / $2936
Price at trade post: $2947
Reasoning: Now that we can capture at least 60% of the potential profit on this trade, I'm booking the profit. I bought back a bit too early though. You can buy back here for about a 5.8% return in just over 2 weeks.
Closing Trade Details:
BTC -1 NDX Jul13 3175 call
STC 1 NDX Jul13 3200 call
BTC -1 NDX Jul13 2675 put
STC 1 NDX Jul13 2650 put
for a max net debit of $0.65 per contract. (day order, limit order). The current mid is $0.30, so try for the mid + $0.15.
Max Risk: $2,325
Max Reward: $175 or 7.3% between $2675 and $3175 by Jul 19
Profit Range: $2675 to $3175 by Jul 19
Suggested Upside stop: @ $3065
Suggested Downside stop: @ $2810
Realized Profit / Loss: $98 or 4.2% (after commissions)
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