Hello Hive,
Hope you are doing well. :)
This trade is from yesterday, Wednesday 2/2/22. I sell stock options on SPX, which is S&P 500. (top 500 stocks on NYSE)
There was a news event scheduled as All Day, so this made me hesitant to trade.
*snap of calendar page on forexfactory.com
This was my IC (Iron condor.. a combination of a put credit spread under price, and a call credit spread above price)
The trade wins (I get to keep all of the credit I took in when I sold the option) when/if the price stays and ends between the put and call option prices that I sold. (thick red lines on chart)
Here's the trade as the day went on..
and here's where it ended up..
Overall, a very easy trade day. The end results is..
$50 (credit received) - $4.20 (broker commistion+exchange fees) = $45.80
I know it might be confusing to some people, so feel free to say any question or comment.
:)