RUT October Iron Condor Adjusted to Upside

The upside adjustment for the October position filled for $10.75 debit. Adjustment details are below:

BOUGHT RUT October 1440 Call, 25.50 debit.

SOLD RUT October 1490 Call, 2.85 credit.

SOLD RUT October 1460 Call, 12.85 credit.

BOUGHT RUT October 1510 Call, .95 debit.

Net debit (all four legs): $10.75

The graph of the adjusted position is below:

RUT October Iron Condor after upside adjustment:

The position summary after the adjustment is as follows:

SHORT October 1460 Call

LONG October 1510 Call

SHORT October 1440 Put

LONG October 1390 Put

LONG October 1500 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