RUT March Iron Butterfly Closed for Target; 4 Day Trade.
Today's market action allowed us to exit the March RUT Iron Butterfly for target after only 4 days in the trade this cycle. Closing details below:
- BOUGHT RUT March 1400 Call, 18.00 Debit.
- SOLD RUT March 1450 Call, 3.45 Credit.
- BOUGHT RUT March 1400 Put, 26.60 Debit.
- SOLD RUT March 1350 Put, 9.75 Credit.
Closing order executed as a single order: BUY " Iron Condor" .
Net Debit to Close Iron Condor: $31.40 (all four legs)
- SOLD RUT March 1550 Call.
Net Credit to close Call: $.40.
This closing resulted in a gain of $250, 5.0% of the gross margin and our target for the trade.
As always, stay keen on your risk management and trade carefully,