Weekly Iron Condor Trade #5

On July 1, 2015, I placed my fifth weekly iron condor trade. I placed this order $0.025 off the midprice (10:57) and caved a nickel two minutes later (filled $0.05 off the then mark).

Unlike the last JulWk2 trade, which should have been JulWk1, this position progressed without incident. The market drifted lower and volatility increased but this trade is negative delta at inception so that is okay.

This position made 5.4% in eight trading days.