condor | Six Figure Investing

April Condor

January 17, 2011January 16, 2011 by

Put a condor in place on S&P 500 April futures. The call spread was at S1350 (sell-to-0pen) and S1370 (buy), while the put spread was at S1140 (sell-to-open) and S1100(buy). The net credit on each set of four options before commissions was 6.15 points. With S&P 500 futures each point is worth $250, on the futures as well as the options on the futures. With …

Another brief condor

December 27, 2010 by

Similar to last week I don’t expect much market action this week. I put a SPY condor in place with the quarterly options expiring this Friday the 31st. The puts were at S123 (buy at .19), S124 (sell-to-open at .33), and the calls at S126 (sell-to-open at .43) and S127 (buy at .16) for a net credit 0f 0.41. Worst case loss is 0.59. …