Iron Condor in RUT

[Steven Place]

Going to stick on a set of Iron Condors in Jun Options:

Sell to Open RUT Jun 980/970 put spread for 0.70

Sell to Open RUT Jun 1180/1190 call spread for 0.85

Net credit: 1.55

… you can get better fills than those if you work the trade.

Looking to capture 50% of the credit or better. Adjust at 1150 or 1020.

[Steven Place]

Going to close out here a little early simply because this has too many short deltas and a squeeze higher would wipe out profit potential.

Pulling out about 6% for a 10 day hold, so not that bad. If the RUT pops up again I’ll look at another round of Jun iron condors.

[Author]

Posts