RUT February Iron Condor Upside Adjustment filled.
The upside adjustment for the February position filled for 5.65 debit. Adjustment details are:
BOUGHT RUT February 1000 Call, 36.30 debit.
SOLD RUT February 1050 Call, 12.00 credit.
SOLD RUT February 1020 Call, 24.90 credit.
BOUGHT February 1070 Call, 6.25 debit.
Net debit (all four legs): $5.65
The graph of the adjusted position is below:
RUT February Iron Condor after upside adjustment:
The position summary after the adjustment is as follows:
SHORT February 1020 Call
LONG February 1070 Call
SHORT February 970 Put
LONG February 920 Put
Long February 1110 Call
The position is now a 50 point wide Iron Condor.
The next adjustment trigger point will be at either short strike. Since this position has already been adjust twice, it will be evaluated if RUT reaches either short strike whether to adjust a third time or exit the position.
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Trade updates will be posted as appropriate.
As always, stay keen on your risk management and trade carefully,