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December 6, 2012

SPX Dec'1 Iron Condor

Sell: Dec1 1390 Put 
Buy: Dec1 1385 Put
Sell: Dec1 1430 Call
Buy: Dec1 1435 Call
Credit: .45¢
Margin: $4.55
Return: 9.89%
  • 1430/1435 Bear Call spread sold for .20¢
  • 1390/1385 Bull Put spread sold for .25¢
Risk Profile:


Update 12/6/12:
I am also offering 1430/1435 Bear Call spread for current mid price of .20¢
Will post fills if/when orders go through.

Update 12/7/12:
This position is working well, we're going to leave it to expire between short strikes:

Update 12/9/12:
This position expired worthless for 9.89% Return.