|Trades to open position||No.||Price||Total|
|Buy 19th Jan 2013 $510.00 Put||1×100||$14.70||$-1470.00|
|Sell 19th Jan 2013 $560.00 Put||1×100||$24.20||$ 2420.00|
|Sell 19th Jan 2013 $840.00 Call||1×100||$21.20||$ 2120.00|
|Buy 19th Jan 2013 $890.00 Call||1×100||$13.00||$-1300.00|
Initial outlay: $1770 (net credit)
Spread Size: $5000
Maximum risk: $3230 [$5000-$1770]
Maximum return: $1770
Return on Risk: 54.79%
Breakevens at expiry: $857.70, $542.30
Better yet, it would be nice to know my profit (or loss) at various points in time between now and January 19th, 2013 expiration. Take a look at this page. It displays a table (based on this trade) . This table has week by week profit/loss values along X-axis and Stock price in $5 increments along Y-axis.
How to use this table? Lets fast-forward the time to November 4th, 2012 and on that day price for the PCLN stock is at $715. If I click on the link corresponding to the 715 and November 4th, a window opens up showing a closing trade. If stock is at $715 on November 4th, I can buy back Iron Condor for $780 and make a profit of $990 (1770-780). However, if the stock is at $635, I can buy back Iron Condor for $992 and still make a profit of $778 (1770-992).