Stock / Symbol: Nasdaq ETF / QQQ
Strategy: Iron Condor
Trade entry date / price: 12 Jul 2021 / $361.00
Price exit date / price: 16 Jul 2021 / $361.40
Update: Right at market open, our GTC exit order was filled at a debit of $0.56 per contract. The pricing of QQQ was beneficial as we got a better fill than the $0.60 limit order we had in place.
Position Recap:
Short 1 QQQ 16Jul21 362 call
Long 1 QQQ 16Jul21 363 call
Short 1 QQQ 16Jul21 360 put
Long 1 QQQ 16Jul21 359 put
In at a net credit of $0.80 per contract on Jul 12th and out at a net debit of $0.56 on Jul 16th
Analysis:
Max Risk: $22 / My Risk: $20
Max Reward: $78 or 350% with QQQ between $359 and $42362 on Jul 16th
Profit Range: SPY between $425 and $428 at market close on Jul 16th
Estimated Commission (round trip): $5.20
Realized Profit / Loss: $24 or 120% (pre commission)
