The market makers gave us a gift this afternoon; the RUT November Iron Condor closed for target.
We will gratefully accept the gift to exit the position before the weekend and just 5 days after entering. Closing details are below:
- BOUGHT RUT November 1230 Call, 14.60 Debit.
- SOLD RUT November 1280 Call, 1.45 Credit.
- BOUGHT RUT November 1210 Put, 19.52 Debit.
- SOLD RUT November 1160 Put, 7.26 Credit.
Closing order executed as a single order: BUY " Iron Condor" .
Net Debit to Close Iron Condor: $25.41 (all four legs)
- SOLD RUT November 1295 Call.
Net Credit to close Call: $.55.
This closing resulted in a gain of $249, 5.0% of the gross margin and our target.
As always, stay keen on your risk management and trade carefully,