With the market's decline last week, my previously discussed double-short position in the stock market (short 2 SDS Oct 39 puts, long 2 SDS 51 calls) is paying off -- especially since I hedged it this week by buying a couple of Oct 38 puts for a nickel each and selling a 50 call for a quarter.
Not a classic iron condor, but I didn't want to completely cap my profits, just in case U.S. equities decide to tank in the next couple of weeks.
So, with just $200 at risk, I have a $65 credit in my account, with the potential for increased gains if the market continues to decline. A very good position to be in, but I take nothing for granted and will watch the position all the way to expiration.
The risk/reward also looks good on the DBC iron condor -- but I will watch that one too, and take appropriate action if it moves against me.