I know it may seem a little early, but let's get the November ball rolling with an RUT Iron Condor. With the RUT at 722.70, lets:
Sell 20 Nov. RUT 620 puts - RUYWD
Buy 20 Nov. RUT 610 puts - RUYWB
Credit of about $.50 ($1,000)
Sell 20 Nov. RUT 800 calls - RUTKS
Buy 20 Nov. RUT 810 calls - RUZKB
Credit of about $.60 ($1,200)
Total net credit and profit potential of $1.10 ($2,200). Maximum profit range is 620 to 800 (180 points). Maintenance is $20,000. These strikes will allow us to withstand a 10% move either up or down and still be profitable.
Remember, double check the option symbols before placing your order. Be flexible, but not greedy. You can try to put in the entire condor as one trade, or put on the spreads separately.
Good luck and trade smart!!