Just checked the RUT chain for our Short & Sweet short strangle. Right now we can buy back our December 530 puts and 930 calls for a total of about $5.10.
We originally took in $9.70 for the position. That means we have a profit of $4.60. Multiply that by our four contracts and we have pocketed $1,840.
That's plenty for me. Some of you may want to hang on longer and hope the market continues up and that the volatility continues to decline - yielding even more profit. Me? I think I'll just take the money and run.
Take care and trade smart. Don't be greedy.