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[CLOSED] – RUT Iron Condor

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Update: March 19th, 2018

Closing out the call spreads.



Update: March 19th, 2018

Rolling the put spreads lower and adding bear call spreads.




Update: April 11th, 2018

Closing out the put spreads.



Update: April 18th, 2018

Rolling up and out and adding new put spreads.





Update: May 15th, 2018

Closing out the rest of the iron condor.




Margin and P/L Calculations

Trade #1
Sell to Open 1470/1480 Put Spread
Sell to Open 1670/1680 Call Spread
Credit 1.70
Max Credit: 1700
Max Risk: 8300

Trade #2
Buy to Close Apr 1670/1680 Call Spread
Debit 0.30
Max Credit: 1400
Max Risk: 8600

Trade #3
Roll Put Spreads Down to 1455/1445
Debit: 1.00

Sell Apr 1585/1595 Call Spread
Credit: 0.70

Max Credit: 1100
Max Risk: 8900

Trade #4
Buy to Close Apr 1455/1445 Put Spread
Debit: 0.30
Max Credit: 800
Max Risk: 9200

Trade #5
Buy to Close Apr 1585/1595 Call Spread @6.70
Sell to Open May 1610/1620 Call Spread @4.00
Debit: 2.70

Sell to Open Half Size May 1550/1540 Put Spread
Credit: 1.60 (0.80 size adjusted)

Net Debit: 1.90
Max Credit: -1,100
Max Risk: 10,300

Trade #6
Buy to Close May 1550/1540 Put Spread @0.20
Buy to Close May 1610/1620 Call Spread @2.00

Original Iron Condor (1470/1480 1670/1680)
Opened for 1.70 Credit
Call Spread Closed For 0.30
Put Spread Rolled For 1.00
Put Spread Closed For 0.30
Net Profit: 0.10

Apr 1585/1595 Call Spread
Opened for 0.70 Credit
Rolled for 2.70
Closed for 2.00
Net Loss: -4.00

May 1550/1540 Put Spread
Opened 1.60
Closed 0.20
Net Profit: 0.80 (0.40 Size Adjusted)

Total Net Loss: -3.50

 

 

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