Welcome to the FIRST income report for the new Iron Condor Strategy! The December Iron Condor portfolio was by far and away our most profitable strategy with month with a 6.64% profit! I have to admit, in the face of this market rally these condors gave some great returns and help capture additional income for our more sophisticated members.
To re-cap this month’s income, let’s look at what we made in premium vs. our required investments (in margin). Here are the positions we had with corresponding PROFIT/INVESTMENT and RETURN:
DIA 102/100/116/118 Iron Condor – $31/$372 = 8.33% Return
IWM 68/66/79/81 Iron Condor – $19/$381 = 4.98% Return
With regard to TOTAL INCOME and RETURN, the December portfolio produced $50 of total incomeafter investing just $753 in margin. That means we saw a total portfolio return of 6.64% this month. This is a great return for any investment account! And because this strategy works great in IRA’s and 401k’s, you can definitely kick start that retirement income.
As we usually point out, our calculations assume that you enter just 1 (ONE) Iron Condor for each trading alert – i.e. a total of 2 Iron Condors for the month. Those members with a higher capital base should be entering multiple contract positions each week to fill their respective portfolios. Additionally, we did not have any adjustments to our positions this month as those would have been additional line items reflected in the section above.
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