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[CLOSED] – RUT Jul Iron Condor

May 17, 2018 By Steven Place




Update: June 19th, 2018

Rolling put spreads higher and adding a hedge.




Update: July 13th, 2018

Closing the trade for some nice profits.




P/L And Margin Explanation

Original Trade

Sell to Open Jul 1515/1505 Put Spread @0.90
Sell to Open Jul 1720/1730 Call Spread @0.90

Credit: 1800
Margin: 8200

First Adjustment

Buy to Close Jul 1515/1505 Put Spread @0.25
Sell to Open Jul 1595/1585 Put Spread @0.80

Realized Profit: 650
Margin: 7550

Second Adjustment

Buy to Open Jul/Aug 1730 Call Calendar @8.40

Margin: 9230

Closing Trades

Buy to Close Jul 1595/1585 Put Spread @0.10
Realized Profit: 700

Buy to Close 80% Jul

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