Monday, August 25, 2014

October 2014 K200 Iron Condor

On 21-Aug, I sold an K200 Iron Condor 247.5/250/277.5/280 when K200 was at 263.39.

Details:
Buy K200 October 280 Call at 0.40 (Delta: 0.0797)
Sell K200 October 277.5 Call at 0.61 (Delta: 0.1161)

K200 at 263.39 (~14 points upside; 13 points downside)

Sell K200 October 250 Put at 0.76 (Delta: 0.1193)
Buy K200 October 247.5 Put at 0.56 (Delta: 0.0907)


Credit received : 0.41 (KRW 205,000, before commission)
Max risk: 2.09 (KRW 1,045,000)
Days to expiration (DTE): 49

Below is the chart at close of 21-Aug:



Below is how the trade looks like today, 26-Aug:

Related Posts:
Sep-3: Close October 2014 K200 Call Spread of Iron Condor
Sep-19: Close October 2014 K200 Put Spread of Iron Condor

Credit received : 0.41 (KRW 205,000)
Credit paid : 0.10 (KRW 50,000)
Profit : 0.31 (KRW 155,000), 75% of Credit
Margin : ~KRW 1,000,000
Return On Margin (ROM) : 15.5% 
Days on Trade : 30

1 comment:

  1. Sorry for late reply. It should work. I couldn't figure why yours don't work. Could you contact IB live chat? They might be able to solve your problem.

    ReplyDelete