RUT May Iron Condor Closed.

As posted earlier , today's bearish action makes it a wise risk-management decision to exit the RUT May position. Closing details are below:

Closing Order Executed:

- BOUGHT RUT May 1170 Call, 3.20 Debit.

- SOLD RUT May 1220 Call, .35 Credit.

- BOUGHT RUT May 1130 Put, 19.30 Debit.

- SOLD RUT May 1080 Put, 5.60 Credit.

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

Net Debit to Close Iron Condor: $16.55 (all four legs)

- SOLD RUT May 1200 Call.

Net Credit to close Call: $40.

This closing resulted in a loss of $ (221), 4.4% of the gross margin.

This was a difficult cycle for the position; fighting the bulls relentlessly since entry and the drop today made it necessary to exit. I didn't feel it was wise use of our capital to put more into the trade after already adjusting twice, so we will just move on to the next trade.

The next planned entry for the RUT monthly trade will be sometime the week of May 16 for the June cycle.

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

Dot Hazlin