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Tuesday, October 3, 2017

November RUT Unbalanced Iron Condor

As explained over the weekend, going with an Unbalanced Iron Condor instead of an Unbalanced Elephant this time with RUT

Trade Details:

20 November RUT 1390/1380 Credit Put spreads  0.53 Credit ($1060)
5   November RUT 1580/1590 Credit Call spreads 0.99 Credit ($495)

Net Credit: $1,555
Days to Expiration: 44
Conservative Call side size once again, playing the 4 to 1 ratio of Puts to Calls which will allow me to not have to worry about the Call side unless RUT reaches 1,575

Profit picture:
(Click on image to enlarge)

A RUT Chart for future reference and self-study:
(Click on image to enlarge)


Trade Update - November 17, 2017

20 November RUT 1390/1380 Credit Put spreads  expire 
Original credit was 0.53. So, this is a $1060 gain.

5   November RUT 1580/1590 Credit Call spreads expire
Original credit was 0.99 Credit. The gain on this Call spreads is therefore $495

Adding both, the entire Unbalanced Iron Condor resulted in a $1,555 gain. The position was very easy to ride from the beginning with no threats at all.


If you are interested in a responsible and sustainable way of trading options for consistent income with solid risk management, consider acquiring LTOptions, my options trading system to the last detail.

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