Tuesday, July 17, 2007

IWM Iron Condor

On June 19, I started a short iron condor on IWM.
Buy July IWM 87 call for 0.46
Sell July IWM 85 call for 1.13
Buy July IWM 79 put for 0.51
Sell July IWM 81 put for 0.83
Total credit =0.99


As of today,
87 call is worth 0.045
85 call is worth 0.405
79 put is worth 0.03
81 out is worth 0.055
It looks like I need to close out the 85 call soon or face expiration in the money.

More to come after expiration friday.

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