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Thursday, February 7, 2013

March 2013 $RUT Iron Condor

As per my tweet yesterday. Here's my RUT Iron Condor for the March expiration cycle

BUY 5 March 825 PUT
SELL 5 March 830 PUT 
SELL 5 March 955 CALL
BUY 5 March 960 CALL


Credit: 0.70 (0.70 * 100 * 5 = $350)
Margin: 4.30 (4.30 * 100 * 5 = $2150)
Break even points : 829.30 and 955.70
Days to expiration: 37
Probability of success: 80.76% (one day later)

Here's the chart of RUT for future reference:

(Click on image to enlarge)


Check out Track Record for 2013

Related Articles:
Weekend Portfolio Analysis (02-09-2013)
Weekend Portfolio Analysis (02-16-2013)
Weekend Portfolio Analysis (03-01-2013)
Weekend Portfolio Analysis (03-10-2013)
Handling SPX Positions. Managing a threatened Iron Condor, plus taking profit on a Bull Put spread 

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