Stock / Symbol: [private_monthly]Russell 2000 / RUT [/private_monthly]
Price at trade post: $799.53
Option Strategy: iron condor
Max Risk: $1730
Max Reward: $270 or 15.6%
Profit Range: $700 - $890
Reasoning: On Feb 22, we posted a similar trade using March expiration options. As we were never filled at our desired price, we're modifying the trade a bit here. At it's current price, [private_monthly]RUT[/private_monthly] can move up another 11.3% of down another 12.4% and we'll still have a profitable trade. The probability of success on this trade is 87%
Trade Details:
[private_monthly]
Buy 2 RUT Apr11 690 Puts
Sell -2 RUT Apr11 700 Puts
Sell -2 RUT Apr11 890 Calls
Buy 2 RUT Apr11 900 Calls
for a net credit of $1.35 per contract
Requirements:
Cost/Proceeds ($270.00)
Option Requirement $2,000.00
Total Requirements $1,730.00
Estimated Commission $12.95
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Chart:
[private_monthly]
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