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December 19, 2012

SPX Dec'12 Iron Condor

Sell: Dec Monthly 1415 Put 
Buy: Dec Monthly 1410 Put
Sell: Dec Monthly 1470 Call
Buy: Dec Monthly 1475 Call
Credit: .45¢
Margin: $4.55
Return: 9.89%
  • 1420/1415 Put spread @.40¢

Risk Profile:


12/19/12 Update:
We're moving our short strike on the put side to 1420 and will look for a .40¢ credit.
12/21/12 Update:
This credit spread expired worthless, we kept full credit or 8.69% Return on margin.