New position: ODAX February 2018 Iron Condor

Summary

After closing the January position, I opened a new one for the February expiration cycle. It is a regular Iron Condor placed at 12300-11900 on the put side and 13600-14000 on the call side.

DAX 30 on December 28th 2017. Source Investing

I am also reusing the remaining debit call spread placed on 13400-13450 which is a remnant of last month´s position.

Trade status

Type	Name	Open Date	DTE	Spot	Max Profit	Max Loss
Call Spread	ODAX Feb 2018 13600/14000	28/12/2017	50	13050	157,00 €	1.773,00 €
Put Spread	ODAX Feb 2018 12300/11900	28/12/2017	50	13050	151,00 €	1.611,00 €
Call Spread	ODAX Feb 2018 13400/13450	28/11/2017	80(50)	13030	168,50€	81,50 €

You can see all the trade details here.

Position Profit/loss graph. Source Options Creator

The profit/loss graph shows the "hump" produced by the protective debit spread, although this time is not as effective and when I used last month. This is caused by being placed in the same expiration cycle as the credit call spread. In any case, it will help financing a possible adjustment in the call side.

See also

• Closed: ODAX January 2018 Iron Condor
• 2017 trades (so far)