NaughtyPines

BOUGHT TO CLOSE RUT/IUX APRIL 1ST 1120/1130 SHORT CALL VERT

INDEX:IUX   Russell 2000 Index
With this little down move here, I closed out the short call side of my RUT/IUX iron condor -- the April 1st 1120/1130 short call wing. The short call wing of the iron condor was worth approximately $166 in credit/contract when put on as part of the iron condor, and I closed it out today for a $40 debit, yielding a profit of about $126/contract for that side.

To give the put side a little more time and room to work out, I rolled it out and down to the April 8th expiry for a $4 debit and will erect a new call wing in the April 8th expiry tomorrow ... .
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