Friday, July 20, 2007

Iron Condor Result

On Wed, the IWM Iron Condor was closed for a total profit of $0.75.
Sell July IWM 87 call for 0.01
Buy July IWM 85 call for 0.1895
Sell July IWM 79 put for 0.03
Buy July IWM 81 put for 0.089
Total credit =$0.75
I risked $2 to make $0.75 or a 37.5% return for the trade. This trade was only held for less than one month. Not bad for one month return.

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