Kamikaze Cash $3K Challenge Season 2, Episode 1 | WallStreetBets
Mikey Millions: Closing the Iron Condor & Future Plans
By Thursday, April 10th, the iron condor position shows a 27% gain after only a short time. Despite the quick profit, Mikey Millions decides to close the position due to concerns about potential market upside from positive trade talk news, which could hurt his position. He secures a $225 profit from the iron condor and decides to hold onto the SPY put, anticipating further downside. By Friday, the SPY put is down $180, but overall gains from both trades put him up about $300. He plans to close the remaining put next week and considers 'wheeling' a strategy for the following week.



