Stock / Symbol: Russell 2000 / RUT;
Option Strategy: iron condor;
Trade entry date / price: Jun 2 / $1252
Price at trade close: $1267;
Reasoning: With this trade up over 5.5% already, going to close the trade here and take off the risk.
Closing Trade Details:
BTC -1 RUT Jun15 1300 call
STC 1 RUT Jun15 1310 call
BTC -1 RUT Jun15 1180 put
STC 1 RUT Jun15 1170 put
for a max net debit of $0.55 per contract. (GTC order, limit order). I was filled at $0.55 but you can get filled for $0.45 or better now. The current mid is $0.40. Try for the mid +0.05
Max Risk: $895
Max Reward: $105 or 11.7% between $1180 and $1300 by Jun 19th
Profit Range: $1180 to $1300 by Jun 19th
Suggested Upside stop: $1280
Suggested Downside stop: $1210
Profit / Loss: $50 or 5.58% (pre-commission)
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