NaughtyPines

ROLLING/MERGING IWM IRON CONDORS

AMEX:IWM   ISHARES RUSSELL 2000 ETF
Doing a little bit of housekeeping here ... . Originally, this started out as two separate IWM             iron condors, one in the June 17th expiration and one in the June 24th expiration.

Today, I covered the short put sides of both of these setups, as they were nearing worthless (each was closed for a $5 debit). With 11 DTE             for the June 17th setup and 18 for the June 24th, I decided to roll the call sides of both up and out to the July 1st 116/119 short call vertical to give the call side additional time to potentially work out, and sold the 109/112 short put vertical in the same expiry to be "net credit" on the roll.

Although I don't gain any particular advantage my merging the two setups into one, it means fewer balls to juggle going forward ... . The combined credit received for the two individual iron condors on setup was about $195, so I'm still looking to exit this merged setup at 50% max of that, or about $98/contract ... .
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out