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 this adjustment: $906
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]
Reasoning: This market signaling a move higher. Taking the bear call spread back off for now.
Trade Adjustment Details:[private_monthly]
BTC -3 RUT Feb13 930 calls
STC 3 RUT Feb13 940 calls
for a max net debit of $1.00 per contract. (day order, limit order). The current mid is $0.95. Try for mid plus .05.
[/private_monthly]
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