Skip to content
truewealth blogs we follow finance

The Money Vikings – Truewealth

Conquer Financial Freedom and True Wealth!

  • Investing
  • Heatmaps
  • Options
  • Dividends
  • Real Estate
  • Budgeting
  • YouTube
  • Building Wealth
  • Health
  • About
    • Terms of Service
    • Privacy Policy
    • Finance Blogs To Follow
Wow Stocks Dwight
Investing
3 WOW Stocks For 2023 and Beyond
February 4, 2023
png image scaled
BEST OF (MV CLASSICS)
4 Health Benefits of Intermittent Fasting (and how to do it)
March 9, 2023
spy

SPY IRON CONDOR, CLOSED FOR 32% ROI

Posted on January 1, 2022January 10, 2023 By Jerry 1 Comment on SPY IRON CONDOR, CLOSED FOR 32% ROI
Options, HotTrades, Investing

3/17/17 Update – Close for Profit  (32% ROI)

We were able to close this SPY Iron Condor for a 79$ profit, which was our target of 50% of premium received.

To execute this trade we did the following:

  • Bought to Close 1 SPY 04/14/22 Call 466.00 @ 0.73
  • Sold to Close 1 SPY 04/14/22 Call 470.00 @ 0.49
  • Bought to Close 1 SPY 04/14/22 Put 403.00 @ 3.95
  • Sold to Close 1 SPY 04/14/22 Put 399.00 @ 3.41

— Jerry


FEB 15, 2022 – ENTER A SPY IRON CONDOR

a3b45f2a b1cf 1ceb f03a 46b8a53818a3

2/15/22 – With SPY trading $468, and an IVR of around 59%, consider selling a 399/403 466/470 Iron Condor out to April 14th. I collected for 1.58, which which is great considering my strikes are only $4 wide. After entry I set a GTC order to close at 50% of the premium collected ($79).

  • Sold 1 SPY 04/14/22 Call 466.00 @ 3.80
  • Sold 1 SPY 04/14/22 Put 403.00 @ 7.37
  • Bought 1 SPY 04/14/22 Call 470.00 @ 2.83
  • Bought 1 SPY 04/14/22 Put 399.00 @ 6.76
  • Total Premium Collected: 158$
  • Total Risk: 242$
  • Rationale: This is a defined risk trade. You can make up to $158 by 4/14 if SPY is trading between 403 – 466 at expiration.
  • Assumption: Neutral
  • Timeframe: ~ 2-6 weeks

– Jerry

Post navigation

❮ Previous Post: 2022, Another Way to Approach New Year Resolutions
Next Post: How To Be The Next Millionaire Next Door ❯

You may also like

Airbnbust airbnb
Home
Airbnbust Airbnb Investments Gone Wrong! (1 Real Estate Expert’s View)
February 24, 2023
F610EE71 7E45 45D0 A61B 1CC2179FECC8
Investing
Is the 10 Year 2 Year Spread Starting to Steepen?
March 8, 2022
truewealth moneyvikings
Investing
10 Wealth Building Strategies & Tips
October 13, 2023
bitcoin
Cryptocurrency
Did Bitcoin Just Fail its First Big Test?
March 23, 2022

Leave a ReplyCancel reply

Search Our Articles

Finviz heat map heatmap investment heat map stocks heatmap
Finviz Heatmap from 12/5/23 at 7:19am PT
Sign up for our Free Newsletter

401K 2023 bitcoin Bonds Build wealth Bullish cash back collectibles Compound Interest covered call crm Dividends earnings finance financial freedom FIRE futures GC health home ownership Hot Trade hottrades intermittent fasting investing investment iron condor O options Personal Finance QQQ rates real estate investing Realty Income REIT REITs salesforce saving spy Stock stocks technology trading vix Wealth wealth building


Better Uptime Website Monitoring






Copyright © 2023 The Money Vikings – Truewealth.

Theme: Oceanly News Dark by ScriptsTown