Stock / Symbol: Russell 2000 / RUT;
Option Strategy: [private_monthly]iron condor[/private_monthly];
Trade entry date / price: Sep 16 / $1053.50
Price at this post: $1071
Reasoning: We've captured about 70% of the profit potential on this trade, time to take the risk off and close out this winning trade. The trade's current greeks are: -0.84 delta, 12.4 theta, and -13 vega.
Closing Trade Details:
BTC -3 RUT Oct13 1140 calls
STC 3 RUT Oct13 1150 calls
BTC -3 RUT Oct13 940 puts
STC 3 RUT Oct13 930 puts
for a max net debit of $0.20 per contract. (GTC order, limit order). The current mid is $0.18. I was just filled at $0.20.
Max Risk: $2,790
Max Reward: $210 or 7.5%[private_monthly] between $940 and $1140[/private_monthly] by Oct 18[private_monthly]
Profit Range: $850 to $955 by Oct 18
Suggested Upside stop: @ $1100
Suggested Downside stop: $999
Realized Profit / Loss upon fill: $150 or 5.37% (pre-commission)
[/private_monthly]
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