CLOSING: XOP DEC 21ST 28/31/35/40 IRON CONDOR
... for a 1.12/contract debit (1.04 profit/contract).
Notes: Further clean-up of my XOP core position in December. Now that I've taken off the 38/41 short call vertical and this iron condor, what remains is two short put verticals, one at 32/35, the other at 30/35. The 32/35 was left over from an iron condor I put on previously, the 30/35 from an iron fly, the call side of which I just closed. The 32/35's a three-wide; the 30/35, a five-wide (for a total of eight wide), so I'll look to sell a 2x4 wide in the December cycle to balance units running into expiry.
Notes: Further clean-up of my XOP core position in December. Now that I've taken off the 38/41 short call vertical and this iron condor, what remains is two short put verticals, one at 32/35, the other at 30/35. The 32/35 was left over from an iron condor I put on previously, the 30/35 from an iron fly, the call side of which I just closed. The 32/35's a three-wide; the 30/35, a five-wide (for a total of eight wide), so I'll look to sell a 2x4 wide in the December cycle to balance units running into expiry.
