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:
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A RUT Chart for future reference and self-study:
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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

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Check out 2018 Track Record

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