RUT has sold off below the short put strike of 1570 on the February Iron Condor, but we are not making a third adjustment to the trade.
Since this position has already been adjusted twice, it will be monitored closely for a likely exit today unless RUT rallys. The expiration breakeven is at 1552, so there is not much room to the downside if this selloff continues. As always, it is a trader's choice when to pull the trigger.
Updates will be posted as appropriate.
As always, stay keen on your risk management and trade carefully,