Wednesday, September 3, 2014

Close October 2014 K200 Call Spread of Iron Condor

Sep-3, I closed the K200 October 2014 Call Spread of Iron Condor 247.5/250/277.5/280.

Details:
Sell K200 October 280 Call at 0.12
Buy K200 October 277.5 Call at 0.18

Note: All calculation before commission
Credit received : 0.21 (KRW 105,000)
Credit paid : 0.06 (KRW 30,000)
Profit : 0.15 (KRW 75,000), 71% of Credit
Margin : ~KRW 1,000,000 for full Iron Condor
Return On Margin (ROM) : 7.5% or 15% for full Iron Condor or half Iron Condor respectively
Days on Trade : 14


This the P&L Chart with Put Spread left as at 3-Sep Closed:
Sell K200 October 250 Put at 0.76 (Delta: 0.1193)
Buy K200 October 247.5 Put at 0.56 (Delta: 0.0907)


Related Posts:
Aug-26: October 2014 K200 Iron Condor

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