Over the past few days I’ve been able to secure fills on two August positions. The first in an SPX Iron Condor and the second position was a result of two RUT Iron Condors. I’ll run down the positions here; however, they are also reflected in the portfolio section of the site.
SPX Iron Condor
- Sold 30 SPX August 1315/1325 1175/1165 Iron Condors @1.20
- Credit $3,600, Commission: ($189.95)
- Margin: $30,000
- ROI: 11.3%
RUT Iron Condor
- Sold 30 RUT August 740/750 600/590 Iron Condors @1.26
- Credit $3,780, Commission: ($189.95)
- Sold 30 RUT August 740/750 610/600 Iron Condors @1.27
- Credit $3,810, Commission: ($189.95)
- Final position is Unbalanced 60×740/750 Call Spread and 30×610/590 Put Spread – Iron Condor
- Margin: $60,000
- ROI: 12.11%
I’m still holding on a choppy but basically neutral to bullish market over the near term. These positions both appear to have great risk/reward characteristics and I’m confident that by the end of September we will be back into positive territory after the beating we took in June!
I did place a very similiar trade to the Russell position above in my personal account. I trade was opened using two Vertical Spreads as I was unable to get a live fill for the full Iron Condor.
