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Home › Forums › Income Lab › RUT FEB IRON CONDOR 2
Sold a 7 delta call and a 15 delta put (10 wide) iron condor in FEB (36DTE):
SELL -5 IRON CONDOR RUT 100 FEB 15 1260/1270/1060/1050 CALL/PUT @1.75
Delta: 0.13
Gamma: -0.34
Theta: 24.41
Vega: -88.41
This trade is 36 DTE, I will look to capture 50% of credit before scaling out. Any questions? Find me in the chat
Closing this trade at 51% of max profit in 14 DIT.
Original credit: 1.75
Margin: 8.25
ROR: 10.90%
Credit to open: $1.75
Debit to close: .85c
Profit: .90c
(90/175)*100=51.42%
My cheatsheet on position management:
30 DTE | ||||
% of Max Profit | Avg Trading Days Held | |||
10% | 2 | |||
20% | 5 | |||
30% | 8 | |||
40% | 10 | |||
50% | 13 | |||
60% | 16 | |||
70% | 18 | |||
80% | 21 | |||
90% | 23 | |||
100% | Expiration | |||
45 DTE | ||||
% of Max Profit | Avg Trading Days Held | |||
10% | 3 | |||
20% | 6 | |||
30% | 10 | |||
40% | 15 | |||
50% | 19 | |||
60% | 24 | |||
70% | 28 | |||
80% | 32 | |||
90% | 35 | |||
100% | Expiration | |||
60 DTE | ||||
% of Max Profit | Avg Trading Days Held | |||
10% | 5 | |||
20% | 10 | |||
30% | 15 | |||
40% | 20 | |||
50% | 25 | |||
60% | 30 | |||
70% | 34 | |||
80% | 40 | |||
90% | 44 | |||
100% | Expiration |