Wednesday 14 February 2018

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

TypeNameOpen DateDTESpotMax ProfitMax Loss
Call SpreadODAX April 2018 13100/1350014/2/20186512300225,50 €1.621,00 €
Put SpreadODAX April 2018 11100/1070014/2/20186512300153,50 €1.621,00 €

Trade Profit/Loss graph. Credits Option Creator
You can see all the trade details here.

Portfolio

TypeNameOpen DateDTESpotMax WinMax Loss
Put SpreadODAX Mar 2018 11100/109009/2/20183512230118,50 €881,50 €

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

See also

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