Stock / Symbol: Russell 2000 / RUT
Option Strategy: iron condor
Price at trade entry: $780.48
Trade entered on: March 15th
Reasoning: Although we think it's unlikely that RUT will close over 890 by April expiration, we're going to close out the call portion of the trade just in case. We currently have an open order to close the entire postion which we are canceling.
Canceling the following order:
[private_monthly]
STC 2 RUT Apr11 690 Puts
BTC -2 RUT Apr11 700 Puts
BTC -2 RUT Apr11 890 Calls
STC 2 RUT Apr11 900 Calls
for a net debit of $0.25 per contract
New Order:
BTC -2 RUT Apr11 890 Calls
STC 2 RUT Apr11 900 Calls
for a net debit of $0.35 per contract
Cost/Proceeds: $70
Estimated Commission $12.95
Max Risk: $1730
Max Reward: $270 or 15.6%
Profit Range: $700 - $890
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