New position: ODAX April 2018 Iron Condor

Summary

After deploying the small Put Spread in March, I finally decided to go for an April 13100/13500 - 11100/10700 Iron Condor.

DAX 30 on February 14th 2018. Source Investing

This time I´m betting on a sideways market for some time after the recent selloff. With the relatively high IV I got some good distance for the short options, especially in the short Put. In the Call side is tighter but I hope that a further IV drop will make any adjustment cheaper.

Trade details

Type	Name	Open Date	DTE	Spot	Max Profit	Max Loss
Call Spread	ODAX April 2018 13100/13500	14/2/2018	65	12300	225,50 €	1.621,00 €
Put Spread	ODAX April 2018 11100/10700	14/2/2018	65	12300	153,50 €	1.621,00 €

Trade Profit/Loss graph. Credits Option Creator

You can see all the trade details here.

Portfolio

Type	Name	Open Date	DTE	Spot	Max Win	Max Loss
Put Spread	ODAX Mar 2018 11100/10900	9/2/2018	35	12230	118,50 €	881,50 €

The smaller, only 200 points wide, put spread in March is progressing OK, a bit than four weeks to go.

See also

• Closed: ODAX February 2018 Put Spread
• 2018 Trades (so far)
• 2017 Track Record