The markets were struggling… at least that was 3 days ago. Bu then we broke up and the markets rallied and this trade was in danger of getting in the money. As you can see, at one point, the closing price of the entire Iron Condor spiked to 2.45 debit – very close to our stop loss. But despite this spike, the delta was still very low so we would not close the trade even if the price hit the stop loss level.
ORIGINAL TRADE – FOR REFERENCE ONLY
The markets are struggling to go higher and we think it will continue going sideways. So we are adding a call spread to our trade (put spread) we opened yesterday:
Order Summary
Sell to Open 1 SPX 07/25/2025 Call 6415
Buy to Open 1 SPX 07/25/2025 Call 6435
Limit GTC @ 0.35 Credit
TRADE STATUS – CLOSED WINNER
Challenge Account (2025)
Net-Liq: $4,374.75
P/L YTD: $1,506.84
Credit/Debit Total: $455.13
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