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.
Showing posts with label RUT. Show all posts
Showing posts with label RUT. Show all posts
Wednesday, June 03, 2009
RUT Iron Condor Hi Prob June Update #1
Labels:
Iron condor,
RUT,
RUT IC
Tuesday, May 12, 2009
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.
Labels:
Iron condor,
RUT
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