This month we ran another SPY Butterfly Spread - Iron Condor Spread with very little ’stress’ or ‘work’.
Right before closing out butterfly trade position (above)
We love trading these butterfly spread trades - iron condors on the SPY as they are so liquid and easy to get in and out of.
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RUT IRON CONDORS - JULY 09
6-26-09
This month we took our iron condors off a little earlier than we normally would allowing us almost 3 full weeks of ‘vacation’ - not having to worry or watch the market in regards to this trade whatsoever. These last few months have been beautiful for these trades.
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Posted on July 1, 2009, 12:46 am, by Iron Condor, under
Iron Condor.
SPY BUTTERFLY - JUNE 09 - CLOSED
6-15-09
6-15-09
This months Spy Butterfly turned out nicely. On closure of main position left some extra OTM long calls on since they were worth less than what it would have cost in commisions to close them - AND - if the market blasted off for some reason before expiration [...]