NaughtyPines

OPENING: IWM DEC 23RD 135/138 SHORT PUT VERT

AMEX:IWM   ISHARES RUSSELL 2000 ETF
Here, I'm opening a short call vertical to pair with a short put vertical that I originally put on as a delta hedge. IWM             , after all, is looking overextended, toppy             here, and I want to have more short delta in place for my overall IWM             position if the election "exuberance" begins to wear thin.

I filled the spread for a .52 ($52)/contract credit and will look to take off the now complete iron condor as a unit at 50% max profit if I get the chance.

Notes: I generally don't leg into iron condors as a matter of course, but it just so happened that I had more "put side" units than "call side" units. This balances that out.
Comment: Actually, that was a short call -- not put -- vert.
Comment: Rolling the 116/119 short put vert to the 125/128 short put vert in the same expiry for a .41 ($41)/contract credit. IWM up move somewhat unrelentless ... .
Trade closed manually: Covering here for a 1.01 debit, resulting in a small winner ($18, after fees and commissions). Wanted to take off some exposure in this instrument, since I have two "troubled" IWM setups on ... . I certainly don't need another.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out