RUT December Iron Condor Adjustment #2 Filled.
The second upside adjustment for the December RUT position filled for 7.75. Adjustment details are:
BOUGHT RUT December 1160 Call, 27.05 debit.
SOLD RUT December 1210 Call, 5.40 credit.
SOLD RUT December 1180 Call, 16.00 credit.
BOUGHT RUT December 1230 Call, 2.10 debit.
Net debit (all four legs): $7.75
The graph of the adjusted position is below:
RUT December Iron Condor after adjustment #2:
The position summary after the adjustment is as follows:
SHORT December 1180 Call
LONG December 1230 Call
SHORT December 1140 Put
LONG December 1090 Put
LONG December 1235 Call
The position is now a 40 point wide Iron Condor.
The next adjustment trigger point on the upside as per the guidelines is 1180. If RUT reaches 1180, we will evaluate to see if it may be better risk management to exit the position since it has already been adjusted twice in that direction. The downside adjustment trigger is now 1140, but we be a bit flexible if RUT reaches that level depending on the position status and overall market conditions.
Trade updates will be posted as appropriate.
As always, stay keen on your risk management and trade carefully,