Wednesday, January 07, 2009

IWM Iron Condor

On Dec 31, placed a IWM iron condor.
STO 5 Feb 39/37 put spread credit $0.20
STO 5 Feb 59/61 call spread credit $0.21
Potential 25% return on risk

With todays down action it made the iron condor centered almost perfectly. Just now have to sit back and wait for time to diminish away.


No comments: