Thursday, March 20, 2008

OPEN: MOS Apr Iron Condor

Upon entering this trade, I accidentally sold the wrong strikes at first, so I quickly corrected myself and adjusted accordingly.

Here's what I did:

Incorrect leg:
SOLD -35 VERTICAL MOS 100 APR 08 80/85 CALL @3.40
BOT +35 VERTICAL MOS 100 APR 08 80/85 CALL @3.45
Loss= $0.05

Correct Vertical:
SOLD -35 VERTICAL MOS 100 APR 08 110/115 CALL @.84
SOLD -35 VERTICAL MOS 100 APR 08 85/80 PUT @1.70

Total credit= 0.84+1.70-0.05= $2.49 credit
Risk= 5.00

No comments: