We are opening a new Iron Condor trade. I am trying to stay as far away from the market as possible since this week we will have some economic data released and it may shake the markets until our economic idiot replaces people responsible for collecting the data and creating reports with his yes-men. Our little Hitler is following the book to the tee.
Well, here is our trade from the morning:
Order Summary
Buy to Open 1 SPX 08/22/2025 Call 6605
Sell to Open 1 SPX 08/22/2025 Call 6595
Sell to Open 1 SPX 08/22/2025 Put 6290
Buy to Open 1 SPX 08/22/2025 Put 6280
Limit GTC @ 0.50 Credit
The trade was executed for 0.50 credit.
Yesterday, we rolled our calls down to 6490/6500 strikes (from 6595/6605) and collected additional 0.25 credit. Today, the market rallied on FED news and finished +1.49%. I was a bit worried that those new call strikes would get in the money. Fortunately not. Our trade expired worthless for a full profit:
TRADE STATUS – CLOSED WINNER
Challenge Account (2025)
Net-Liq: $4,556.42
P/L YTD: $1,751.15
Credit/Debit Total: $163.24
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