New Trade : RUT

Stock / Symbol: Russell 2000 / RUT

Option Strategy: iron condor
Price at trade post: $792

Reasoning: With just 30 days till August expiration, time for another iron condor on RUT. The short put we're utilizing has a delta of [private_monthly].06 and a 92% chance of expiring OTM and the call we're selling has a delta of .07 and a 94% chance of expiring OTM. If our stops are hit, we'll either stop out of the trade or adjust by rolling to a further out of the money spread.[/private_monthly]

Trade Details:[private_monthly]
STO -1 RUT Aug12 855 call
BTO 1 RUT Aug12 865 call
BTO 1 RUT Aug12 690 put
STO -1 RUT Aug12 700 put
for a min net credit of $0.90 per contract (day order, limit order). If not filled today, ok to try again tomorrow.

Requirements:
Cost/Proceeds ($90.00)
Option Requirement $1,000.00
Total Requirements $910.00
Estimated Commission $12.95
[/private_monthly]

Max Risk: $910
Max Reward: $90 or 9.9% between $700 and $855 by Aug 17
Profit Range: $699.10 to $855.90 by Aug 17
Suggested Upside stop: @ $825
Suggested Downside stop: @ $734

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