RUT April Iron Condor Upside Adjustment filled.

The upside adjustment for the April RUT position filled for 8.70 debit. Adjustment details are:

BOUGHT RUT April 1070 Call, 33.05 debit.

SOLD RUT April 1120 Call, 6.90 credit.

SOLD RUT April 1090 Call, 20.10 credit.

BOUGHT April 1140 Call, 2.65 debit.

Net debit (all four legs): $8.70

The graph of the adjusted position is below:

RUT April Iron Condor after upside adjustment:

The position summary after the adjustment is as follows:

SHORT April 1090 Call

LONG April 1140 Call

SHORT April 1070 Put

LONG Apri l 1020 Put

LONG April 1130 Call purchased at trade entry to cut deltas.

The position is now a 20 point wide Iron Condor.

Expiration breakeven is at 1111; so the position will be evaluated early next week before making a second upside adjustment.

The trade guidelines for all Couch Potato Trader newsletters were most recently published on August 20, 2015, and can be found here:Link to Articles

Trade updates will be posted as appropriate.

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

Dot Hazlin