The market seems to be showing weakness, the volatility is rising, and we think that the market might show weakness this week, which would be completely normal after last week’s rally. We have an open put spread, and we will place this trade for tomorrow morning and add a call spread, converting it to an Iron Condor. The call spread will have 3DTE, and if executed, it will deliver an additional 0.40 credit.
Order Summary
Sell to Open 1 SPX 07/11/2025 Call 6375
Buy to Open 1 SPX 07/11/2025 Call 6390
Limit GTC @ 0.40 Credit
If the trade doesn’t execute tomorrow morning, we may adjust the strikes or credit we are asking for. We will see tomorrow morning.
The trade lost value significantly overnight, so we adjusted the trade to this:
Order Summary
Sell to Open 1 SPX 07/11/2025 Call 6365
Buy to Open 1 SPX 07/11/2025 Call 6380
Limit GTC @ 0.35 Credit
The trade executed.
The trade expired worhtless for a full profit:
Next week, I will be opening a new trade, most likely a new Iron Condor.
TRADE STATUS: CLOSED – WINNER
Challenge Account (2025)
Net-Liq: $3,954.07
P/L YTD: $1,275.20
Credit/Debit Total: $295.81
Leave a Reply