Another great day for time decay! The SPY position is sitting real nice and pretty, and I'll be putting a position on the IWM hopefully monday for a fill. Currently working a 88/86/72/70 Iron Condor with a wicked sweet spot. Overall the vol puts me at an 80% chance of expiring worthless come DEC expiration. Is this a beautiful trade? Absolutely! At a .75 credit, this is giving me a return of nearly 52% on the risk. Totally cool. The current mark of this spread is sitting at .71, and looking for a little rise in IWM Monday to give me a fill in the AM.
