RUT Iron Condor Hi Prob June Update #1

The likelihood of this IC reaching max profit is very high however this time to take some profits and not get too greedy. Original position was a 3 contract IC. Will remove 2 contracts today.

BTC 2 RUT JUN 570/580 Call $0.50
BTC 2 RUT JUN 410/400 Put $0.12

Total realized profit is $203.

RUT Iron Condor Hi Prob

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.

IWM Iron Condor Result

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.

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.