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Monday, April 1, 2013

May 2013 $RUT Iron Condor

The first trade of the May 2013 expiration cycle was entered today during afternoon hours

Buy 4 RUT May 850 Put    @3.20
Sell 4 RUT May 855 Put    @3.50
Sell 4 RUT May 1000 Call @2.35
Buy 4 RUT May 1005 Call @1.80

Credit: $0.85 (0.85 * 100 * 4 = $340)
Margin: $4.15 (4.15 * 100 * 4 = $1660)
Break-even points: 854.15 and 1005.85 (RUT was around 950 when I entered the trade)
Probability of success: 78.05%
Days to expiration: 45
Max return on margin: 20.48%
Commissions: $24 (Assuming an unfavorable $1.50 per contract)

Finally a chart of RUT at market close for future reference


I'd like to take this position as close to expiration as possible.

Check out Track record for 2013

Related Articles
Weekend Portfolio Analysis (04-07-2013)
Weekend Portfolio Analysis (04-13-2013)
Weekend Portfolio Analysis (04-21-2013)  
Closed May 2013 RUT 855/850 Bull Put Spread
Weekend Portfolio Analysis (04-27-2013)
Weekend Portfolio Analysis (05-04-2013)

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