Wrapping Up the Condor Trades

Here's the P/L chart:

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		1/.2	4	328	1640	0.82	1.23	-164	-50.00%
HPQ	Closed	27/29/36/38		1/.13	10	230	1769	0.23	0.03	200	87.00%
FEYE	Closed	21/25/37/41		1/.16	5	275	1718	0.55	0.2	175	64.00%
P	Closed	19/21/29/31		1/.19	10	320	1684	0.32	0.16	160	50.00%
V	Closed	195/200/220/225		1/.2	4	336	1680	0.84	0.36	192	57.00%
DDD	Closed	38/43/60/65		1/.11	4	200	1818	0.5	0.19	124	62.00%
Z	Rolled	85/90/125/130		1/.18	4	300	1666	0.75	N/A	N/A	N/A
FSLR	Rolled	50/52.5/67.5/70		1/.18	8	312	1733	0.39	N/A	N/A	N/A
TSLA	Closed	170/175/225/230		1/.23	4	372	1617	0.93	0.34	236	63.00%
TWTR	Rolled	25/28/36/39		1/.13	7	245	1884	0.35	N/A	N/A	N/A
FSLR	Closed	55/57.5/67.5/70		1/.18	8	402	1733	0.57	0.33	192	48.00%
Z	Closed	95/100/125/130		1/.18	4	420	1666	1.05	0.73	128	30.00%
TWTR	Closed + Rolled	27/30/36/39		1/.13	4	184	1415	0.46	0.5	-16	-8.70%
TWTR	Open	31/33/36/39	0.7	1/.13	3	195	1500	0.65	N/A	-15	N/A
Totals
Original MP	Original ML	Original Max ROC	Total Realized Profit	Total Cap	ROC	Ann. ROC	W/L %	Avg. Return
2918	17209	16.66%	1227	16740	7.33%	87.96%	80.00%	122.7

Looking at the Position Status column, you may wonder what "Rolled" means. Rolling is when you change the strikes and/or expiration on your contracts by closing part of a position and opening an entirely new one. The point is to reduce losses by allowing for greater potential return and keeping risk equal. 

For example, you have an iron condor on XYZ at the strikes of 25/30/40/45 for 0.50, and you put on the trade when XYZ was trading at $35 with 30 DTE. Now with 10 DTE, XYZ is trading at $39, and the spread is at 0.75. You'd take a 0.25 loss if you closed the position. Instead what you would do is buy back the put spread of 25/30 at 0.05 and then sell another put spread closer to the underlying, say 30/35 for 0.25. Your new spread of 30/35/40/45 is trading at 1.00, meaning you could now take in $100 per spread upon expiration.

Let's say XYZ stalls out after its big run from $35 to $39, and 3 days later the 30/35/40/45 spread is trading at 0.50. You could buy back the spread for a 0.50 profit, instead of losing 0.25! This process is called "Rolling Up"