Stock / Symbol: Russell 2000 / RUT;
Option Strategy: [private_monthly]iron condor[/private_monthly];
Current Position:
[private_monthly]
short -3 RUT Feb13 930 calls
long 3 RUT Feb13 940 calls
short -2 RUT Feb13 820 puts
long 2 RUT Feb13 810 puts
[/private_monthly]
Update: Canceling the GTC order to roll the put spread. Will look to close the entire position if/when RUT trades down to 885. Current greeks are: 11 delta, 18 theta, and -40 vega. [/private_monthly]
Max Risk: $2,480
Max Reward: $235 or 9.4%[private_monthly] between $840 and $930[/private_monthly] by Feb 15[private_monthly]
Profit Range: $840 to $930 by Feb 15
Suggested Upside stop: @ $915
Suggested Downside stop: $850
[/private_monthly]
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