Thursday, October 16, 2014

November 2014 Nikkei 225 Iron Condor

On Oct-16, I sold an Nikkei 225 (N225) Iron Condor 13000/13250/16000/16250 when N225 was at 14739.

Details:
Buy N225 October 16250 Call at 18 
Sell N225 October 16000 Call at 34 

N225 at 14739 (~1261 points 8.56% upside; 1489 points 10.10% downside)

Sell N225 October 13250 Put at 65 
Buy N225 October 13000 Put at 55 


Credit received : JPY 130,000
Max risk: JPY 1,120,000
Margin: JPY 500,000
Days to expiration (DTE): 29


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