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Unbalanced Iron Condor in RUT

Home › Forums › Income Trades › Unbalanced Iron Condor in RUT

  • This topic has 1 reply, 1 voice, and was last updated 7 years, 8 months ago by Steven Place.
Viewing 2 posts - 1 through 2 (of 2 total)
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  • October 1, 2014 at 11:13 am #2116
    Steven Place
    Keymaster

    Going to put on an iron condor, but will be smart about the upside risk.

    Sell to open RUT Nov 1000/990 Put Spread for 1.35
    Sell to open HALF SIZE RUT Nov 1170/1180 call spread for 1.25

    By doing half as much on the calls, you can add more call spread sales if/when the RUT rips higher. Sell more call spreads at 1125 then 1140.

    rut-nov-ic

    October 27, 2014 at 12:28 pm #2117
    Steven Place
    Keymaster

    Going to close this out for 12% return on risk. I could try and milk it further but the way the market is trading right now, upside risk will come into play soon and I could lose all my hard earned profits.

    rut

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