Stock / Symbol: Nasdaq ETF / QQQ
Strategy: Iron Condor
Trade entry date / price: 05 Apr 2021 / $329.93
Trade exit date / price: 14 Apr 2021 / $336.62
Recap: With QQQ trading between the strikes of the short legs of this Iron Condor, my exit order was filled yesterday at 11:53am PST. This locked in a 8% gain over 8 trading days.
Position Review:
Short 1 QQQ 16Apr21 347 call
Long 1 QQQ 16Apr21 351 call
Short 1 QQQ 16Apr21 309 put
Long 1 QQQ 16Apr21 305 put
In for a net credit of $0.36 per contract and out for a net debit of $0.07 per contract.
Analysis:
Max Risk: $365
Max Reward: $35 or 9.5% with QQQ between $309 and $347 on Apr 16th
Profit Range: QQQ between $309 and $347 at market close on Apr 16th
Commission (round trip): $5.20
Realized Profit / Loss: $29 or 8% (pre commission)
