SPX Overnight Iron Condor (Thursday night)

One trade a week, held overnight. On Thursday between 15:50 and 15:55 ET it sells a call 40 points above and a put 40 points below SPX, and buys a call and a put 90 points away (50-point wings, defined risk), all on FRIDAY's expiry (never Thursday's own). It closes at 09:35 ET on the next trading day, or earlier if the strategy loses Approx. $2,000 per multiplier. Times are US Eastern. Port of Tradetron's overnight iron condor one day before expiry. Capital per multiplier: $5,000, the Reg-T margin for the condor (one 50-point wing, since only one side can finish in the money; the credit received lowers it slightly).

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