RUT August Iron Condor Adjusted to Upside

The upside adjustment for the August position filled for $9.90 debit, with RUT trading a bit over 1221. Adjustment details are below:

BOUGHT RUT August 1210 Call, 23.00 debit.

SOLD RUT August 1260 Call, 2.90 credit.

SOLD RUT August 1230 Call, 11.40 credit.

BOUGHT RUT August 1280 Call, 1.20 debit.

Net debit (all four legs): $9.90

The graph of the adjusted position is below:

RUT August Iron Condor after upside adjustment:

The position summary after the adjustment is as follows:

SHORT August 1230 Call

LONG August 1280 Call

SHORT August 1210 Put

LONG August 1160 Put

LONG August 1290 Call bought at trade entry to cut position delta.

The position is now a 20 point wide Iron Condor.

The next adjustment trigger point will be either short strike, depending on overall position status and market conditions.

Trade updates will be posted as appropriate.

As always, stay keen on your risk management and trade carefully,

Dot Hazlin