Wednesday, May 1, 2013

SPX trade update

With today's pullback I decided to add the bottom portion of the SPX trade to complete the Iron Condor.

Sold 250 of the May2 2013 1535/1530 Bull Put Spread for .45

This adds another $11,250 in potential profits to our original trade with 7 trading days left till expiration. The total potential profit of the trade is now $32,500 which would be a 35% return on investment.


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