RUT June Iron Condor Closed.

As posted earlier , I felt that today's bullish action makes it a wise risk-management decision to exit the RUT June position. Closing details are below:

Closing Order Executed:

- BOUGHT RUT June 1130 Call, 20.10 Debit.

- SOLD RUT June 1180 Call, 2.35 Credit.

- BOUGHT RUT June 1090 Put, 6.20 Debit.

- SOLD RUT June 1040 Put, 1.65 Credit.

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

Net Debit to Close Iron Condor: $22.30 (all four legs)

- SOLD RUT May 1180 Call.

Net Credit to close Call: $2.30.

This closing resulted in a loss of $ (168), 3.3% of the gross margin. With such a big move today, 21+ points, there could very well likely be a pullback tomorrow. However, those of you who have followed the newsletter will know that being the conservative trader I am, I prefer to take smaller losses, remove my capital from risk, stick with the guidelines for the trade, and move on to the next trade. More adventurous traders may choose to stay in the position with the "hope" that RUT does not reach the upper breakeven at 1148.

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

Dot Hazlin