RUT May Iron Condor adjusted to the upside for the second time.

The second upside adjustment for the May position filled for $8.35 debit. Adjustment details are below:

BOUGHT RUT May 1380 Call, 32.45 debit.

SOLD RUT May 1430 Call, 7.20 credit.

SOLD RUT May 1400 Call, 20.00 credit.

BOUGHT RUT May 1450 Call, 3.10 debit.

Net debit (all four legs): $8.35

The graph of the adjusted position is below:

RUT May Iron Condor after second upside adjustment:

The position summary after the adjustment is as follows:

SHORT May 1400 Call

LONG May 1450 Call

SHORT May 1360 Put

LONG May 1310 Put

LONG May 1460 Call bought at trade entry to cut position delta.

The position is now a 40 point wide Iron Condor.

There will not be any other adjustments to the trade since it has been adjusted twice. We will monitor the position and close either for target gain, max loss, or at either expiration breakeven (1418 or 1341 as shown on the risk graph.

Trade updates will be posted as appropriate.

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

Dot Hazlin