RUT April Iron Butterfly Closed.

The position has been closed; closing prices below:

- BOUGHT RUT April 1390 Call, 8.40 Debit.

- SOLD RUT April 1440 Call, 1.30 Credit.

- BOUGHT RUT April 1370 Put, 35.20 Debit.

- SOLD RUT April 1320 Put, 14.30 Credit.

Closing order executed as a single order: BUY " Iron Condor" .

Net Debit to Close Iron Condor: $28.00 (all four legs)

- SOLD RUT April 1480 Call.

Net Credit to close Call: $.30.

This closing resulted in a loss of ($365), 7.3% of the allocated margin. While we did take a loss, it is a bit below the planned max loss of 10%. This trade got off to a difficult start, with little time to collect theta before the sell-off yesterday, and the best risk management in this case is to exit and move on.

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

Dot Hazlin