RUT March Iron Butterfly Closed for Target.
The closing order for the March Iron Butterfly filled a short while ago, the gain on this position was $250 or 5% of the gross margin, and target for the trade.
A summary of the position is below:
Original Position Entered February 17:
- SOLD RUT March 1220 Calls, $25.80 Credit.
- BOUGHT RUT March 1270 Calls, $4.80 Debit.
- SOLD RUT March 1220 Puts, $22.90 Credit.
- BOUGHT March 1170 Puts, $9.60 Debit.
Order was filled as an "Iron Condor" for $34.30 net credit (all four legs).
BOUGHT RUT March 1300 Call.
Call order was filled for $1.40 debit
Closing Order Filled February 23:
BOUGHT RUT March 1220 Call, $20.80 debit.
SOLD RUT March 1270 Call, $2.55 credit.
BOUGHT RUT March 1220 Put, $20.50 debit.
SOLD RUT March 1170 Put, $7.40 credit
Net Debit (all four legs:): $31.35
SOLD RUT March 1300 Call.
Net Credit: $.95.
Position updates will be posted as appropriate.
As always, stay keen on your risk management and trade carefully,