I'm worried that IWM can continue to move south so I have removed some of the risk on the put side. The call side does not look threatened so I just leave it there.
BTC 3 Feb 39/37 put for $0.20
With this adjust, I can let price move to $40 before I start losing money. Also, I placed a GTC order to buy back the remaining 2 contract for $0.10.
Saturday, January 31, 2009
IWM Iron Condor Result
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