Another new week in the Absurdistan but the markets rally and we are taking advantage of it. We will be opening a new put spread and widening our legs. Before we traded $10 wide spread, now we will go with $15 wide spread:
Order Summary
Sell to Open 1 SPX 10/10/2025 Put 6570
Buy to Open 1 SPX 10/10/2025 Put 6555
Limit GTC @ 0.60 Credit
At the end of the day (1:29 pm MT) I added a call spread to this trade, converting it into an Iron Condor:
Order Summary
Sell to Open 1 SPX 10/10/2025 Call 6860
Buy to Open 1 SPX 10/10/2025 Call 6875
Limit GTC @ 0.25 Credit
TRADE STATUS – OPEN
Challenge Account (2025)
Net-Liq: $7,195.36
P/L YTD: $3,081.47
Credit/Debit Total: $579.93
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