The market has retraced the last few days from it's incredible bullish run. Maybe it's time to place an Iron Condor for the June expiration.
STO 3 RUT JUN 570/580 Call $0.80
STO 3 RUT JUN 410/400 Put $0.85
Potential Profit = $495
Max Risk = $2505
Current delta of the short strikes are ~10. Once price reaches near ~20 its time to adjust. Also if at anytime the profit reaches $380 its time to take the profit.
Tuesday, May 12, 2009
RUT Iron Condor Hi Prob
Labels:
Iron condor,
RUT
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