SOLD -2 IRON CONDOR SPX 100 17 JUL 26 [AM] 6000/6100/6100/6000 CALL/PUT @95.30 TDA
$SPX
SOLD -2 IRON CONDOR SPX 100 17 JUL 26 [AM] 6000/6100/6100/6000 CALL/PUT @95.30 TDA
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Remarks : 6/20-Opening a box spread to raise some cash. At expiration, the box will be valued at $100 /contract i.e loss of $4.70 per contract
it expires after 391 days. If I consider taking loan of $95.30 and paid $4.70 for 391 days, it turns out to be 4.91% interest.
Almost 1/3rd of margin interest rate
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