I decided to close the SPX trade early as the trade was up $13,400 of the potential $22,000. I also wanted to take advantage of opening a new position.
The final numbers were a $13,400 profit which was a 13% ROI in about 3 weeks. This puts the account at $113,400.
I then opened a new SPX trade:
Sold 250 SPX Jun 1700/1705 Bear Call Spread for .60
This has a $15,000 potential profit on $110,000 for a 13.6% ROI we three weeks of time. I will be looking to add a bottom position to this trade if there is a big sell off to complete the Iron Condor. This would allow me to add more potential profit to the position.
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