Stock / Symbol:Nasdaq 100 / NDX
Option Strategy: [private_monthly]iron condor[/private_monthly]
Trade entry date / price: July 17 / $3085
Price at this post: $3040
Reasoning: Less than a week into the trade and we're already at 60% of the trades profit potential. Going to take the money and the risk off the table. Current greeks are: 0.55 delta, 6 theta, and -23 vega.
Closing Trade Details:
BTC -1 NDX Aug13 3225 call
STC 1 NDX Aug13 3250 call
BTC -1 NDX Aug13 2820 put
STC 1 NDX Aug13 2795 put
for a max debit of $0.80 per contract. (GTC order, limit order). The current mid is $0.75.
Max Risk: $2,308
Max Reward: $192 or 8.3% between $2675 and $3175 by Aug 16
Profit Range: $2820 to $3225 Aug 16[
Suggested Upside stop: @ $3136
Suggested Downside stop: @ $2944
Realized Profit / Loss upon fill: $112 or 4.8% (pre-commission)
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