An Update on the Iron Condors

Here's a P/L statement for the iron condor trades that are testing the standard deviation theory:

Ticker	Position Status	Strikes	Current Price	R/R	# of Contracts	Max Profit	Max Loss	Initial Credit	Closing Debit	P/L	Return %
NFLX	Closed	295/300/400/405	430.13	1/.2	4	328	1640	0.82	1.23	-164	-50.00%
HPQ	Closed	27/29/36/38	33.84	1/.13	10	230	1769	0.23	0.03	200	87.00%
FEYE	Closed	21/25/37/41	32.39	1/.16	5	275	1718	0.55	0.2	175	64.00%
P	Closed	19/21/29/31	25.58	1/.19	10	320	1684	0.32	0.16	160	50.00%
V	Closed	195/200/220/225	213	1/.2	4	336	1680	0.84	0.36	192	57.00%
DDD	Closed	38/43/60/65	50.23	1/.11	4	200	1818	0.5	0.19	124	62.00%
Z	Open	85/90/125/130	118.14	1/.18	4	300	1666	0.75	N/A	-124	-41.33%
FSLR	Open	50/52.5/67.5/70	62.88	1/.18	8	312	1733	0.39	N/A	48	15.38%
TSLA	Open	170/175/225/230	208.17	1/.23	4	372	1617	0.93	N/A	140	37.63%
TWTR	Open	25/28/36/39	33.33	1/.13	7	245	1884	0.35	N/A	42	17.14%

So far, the strategy is proving to be effective! Realized profits are $687 on $10,309 of capital, yielding a 6.66% ROC. Annualize that, that you're looking at 79.92% ROC. If I were to close the remaining open positions, profits would be $669 on $17,209 of capital, yielding a 3.89% ROC and annualized 46.68% ROC. Those are truly great numbers! If pulled off since January, you'd be looking at a 23.34% return, versus the paltry 5.47% return on the S&P 500, 2.1% on the Dow, and 3.47% on NASDAQ.

For the next calendar contracts I plan to 'put my money where my mouth is' and actually play this strategy. The difference will be IV percentages. I picked most of these absolutely randomly. Returns will hopefully be higher with higher IV names.

The results have been so good (so far) that this little experiment is starting to change my processes in option trading...