Stock / Symbol: Russell 2000 / RUT;
Option Strategy: [private_monthly]iron condor[/private_monthly];
Trade entry date: Jan 11;
Price at trade entry: $880;
Price at first adjustment: $884
Price at 2nd adjustment: $895.65
Price at 3rd adjustment: $907
Price at 4th adjustment: $904
Price at 5th adjustment: $906
Price at this adjustment: $901
Current Position:
[private_monthly]
short -2 RUT Feb13 820 puts
long 2 RUT Feb13 810 puts
[/private_monthly]
Reasoning: With market pulling back, putting the bear call spread back on. With the Iron Condor back together, our greeks are: -14 delta, +20 theta, and -32 vega.
Trade Adjustment Details:[private_monthly]
STO -2 RUT Feb13 925 calls
BTO 2 RUT Feb13 935 calls
for a min net credit of $0.85 per contract. (day order, limit order). The current mid is $0.90. I was filled at $0.95
[/private_monthly]
Max Risk: $1,700
Max Reward: $140 or 8.20%
Profit Range: between $820 - $925 by Feb 15
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