NaughtyPines

COVERING: IWM JAN 20TH 119/122/144/147 IRON CONDOR

AMEX:IWM   iShares Russell 2000 ETF
... for a .35 debit.

Here, I'm "cherry picking" profitable spreads from other iron condors or spreads I layered on in this expiry over time to get a combination that I can take off in profit.

The 119/122 short put vert was opened on 11/22 for a .36 credit and the 144/147 on 12/12 for a .34 credit, for a total of .70 ($70) in credits, so I'm basically taking this off at 50% max profit here.

Taking a little bit of risk off the table ... .
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