CHRISTMAS PROMOTION
LTOptions at a 33% discount during the Year End Holidays.
Tell me More

Friday, January 19, 2018

March RUT Unbalanced Iron Condor


Trade Details:
20 March RUT 1440/1450 Credit Put spreads  @0.62 Credit ($1240)
  5 March RUT 1680/1690 Credit Call spreads @0.88 Credit ($440)

Net Credit: $1,680
Days to Expiration: 56



Risk Profile picture:
(Click on image to enlarge)

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


Trade Update - Feb 5, 2018

CLOSED 20 March RUT 1440/1450 Credit Put spreads @2.59 debit
Original credit was 0.62 Credit. Net loss = 1.97 ($3940)

INITIATED 20 March RUT 1330/1320 Credit Put spreads @0.70 credit
Total credit received: $1,400


Trade Update - Feb 21, 2018

CLOSED 20 March RUT 1330/1320 Credit Put spreads @0.10 debit
Original credit was 0.70 Credit. Net gain is 0.60 ($1200 for 20 spreads)

CLOSED 5 March RUT 1680/1690Credit Put spreads @0.10 debit
Original credit was 0.88 Credit. Net gain is 0.78 ($390 for 5 spreads)

Combining both the Put and Call side, the profit is $1590

The original position as a whole is still a loser, but at least the loss was mitigated. Here's the entire evolution of the position:

20 March RUT 1440/1450 Credit Put spreads  $3940
  5 March RUT 1680/1690 Credit Call spreads $390
20 March RUT 1330/1320 Credit Put spreads $1200
Final result:  $2350


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.

Check out 2018 Track Record


Go to the bottom of this page in order to see the Legal Stuff

No comments:

Post a Comment