Russell 2000 (IWM)
I’ve decided to lock in profits on my October 20, 2023, SPY iron condor. With 37 days left until our iron condor is due to expire, I want to eliminate all risk and simply lock in some profits. This brings our total returns in Quant Trader to just under 160% since introducing the service 16 months ago.
If you wish to hold on to the trade please be aware of the risks.
Here is the trade.
Simultaneously:
- Buy to Close SPY October 20, 2023, 470 call strike
- Sell to Close SPY October 20, 2023, 475 call strike
- Buy to Close SPY October 20, 2023, 390 put strike
- Sell to Close SPY October 20, 2023, 385 put strike … for a total of $0.25. (As always, the price of the spread can vary from the time of the alert, so please adjust accordingly.)