Closed: ODAX January 2018 Iron Condor

Summary

After closing the put leg some days ago, today I was able to close the remaining call spread locking around 73% of the premium received.

DAX 30 on Dec 28th 2017. Source Investing.com

I decided not to wait until expiration in order to open a new Iron Condor in February, while reusing the February 13400/13450 debit spread as hedge. Having the two call spreads open at the same time seemed too much risk for me.

Final trade results

Final credit locked was 206€, which leaves the account with an increase of 1,79% since the beginning of the year. DAX 30 Index is up 14% during the same period of time.

Type	Name	Open Date	DTE	P/L
Put Spread	ODAX Jan 2018 12300/11900	28/11/2017	52	89,50 €
Call Spread	ODAX Jan 2018 13600/14000	28/11/2017	52	116,50 €

All the trade details can be found here.

See also

• New position: Dec 2017 Put Spread
• 2017 trades (so far)