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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)


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Check out 2017 Track Record


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