Unbalanced Iron Condor in RUT

[Steven Place]

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.

[Steven Place]

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.

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