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Iron condor on RUT has been one of my most successful income trading strategy. I have been generating consistent double digit returns for past 11months on this profitably.
So here we go, here is my 1st or maybe 2nd loss on RUT Iron condor in 12months time. No excuses but my travel hurt [...]

I was filled for RUT BPS leg for $0.20 today. This Yielded 17% on my RUT June’07 Iron condor even though there are still 22 days to go for June’07 expiration. Modified version of the BPS (to increase credit received) was shared with the OPNewsletter subscribers (that BPS trade is not yet filled).
Here are the trade [...]

I closed the BCS leg of May RUT Income trade by buying May 860/870 BCS for $0.20. That delivers $1.65 over $7.95 margin i.e. 20.7% profit for roughly 4wks holding period. The last update to May income trade can be found here. My Jun RUT trades are also already in profit (3%), but those were [...]

We discussed about Iron Condor in Part-1. This is Part-2 in the same series that covers about when to sell and OTM or ITM?

After learning what is an Iron Condor, next thing one need to understand is how much time do we sell? You could sell an option with the highest theta, say expiration week? [...]