Stock / Symbol: Russell 2000 / RUT
Option Strategy: iron condor
Trade entry date: Oct 16
Price at trade entry: $834
Price at trade exit: $823
Reasoning: With this trade up 6% heading into the uncertainty of the election results, I'm closing this trade for a 6% (after-commission) return. You should already be out of the call spread portion of this trade but I'll include a closing trade below if you're still in the original position
Closing Trade Details:
BTC -2 RUT Nov12 780 puts
STC 2 RUT Nov12 770 puts
for a max net debit of $0.65 (I got filled at $0.60) per contract.
or
Trade Details:
BTC -2 RUT Nov12 885 calls
STC 2 RUT Nov12 895 calls
BTC -2 RUT Nov12 780 puts
STC 2 RUT Nov12 770 puts
for a max net debit of $0.65 per contract
Max Risk: $1740
Max Reward: $260 or 14.9%[private_monthly] between $780 and $885[/private_monthly] by Nov 16[private_monthly]
Profit Range: $779.50 to $886.25 by Nov 16
Suggested Upside stop: @ $860
Suggested Downside stop: @ $805
Profit / Loss upon fill: $111 or 6.3%
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