Opening: SPX May 29th 6060/6160/7260/7360 Iron Condor

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Opening: SPX May 29th 6060/6160/7260/7360 Iron CondorS&P 500SP:SPXNaughtyPines... for a 13.20 credit. Comments: Neutral assumption setup selling the 10 delta short options and erecting the wings out from there to generate a credit that is >10% of the width of the wings. Metrics: Max Profit: 13.20 ($1320) Buying Power Effect: 87.80 ROC at Max: 15.03% Will generally look to take 10.00 profit out, consider adjusting sides to delta balance at >50% max.