I closed my RUT Iron condor by buying back the BCS for $0.25.  
I had already bought back my BPS for $0.20 that I had mentioned here. With this, the overall March RUT Iron condor yielded 23.2% for roughly 1 month holding.
My strategy of closing leg one after other as soon as it hits the [...]

Starting with a lower open RUT started to moveup and it’s now moving into new territory. My BPS hit my exit criteria and I was able to buy it back for $0.20.  
When the tide rises, it lifts all the boats and one doesn’t want to fight with it. Closing this trade at $0.20 yielded [...]

Trending markets are not good friends of Income traders especially the markets that jumps in either direction too quickly. I had talked about Iron condor briefly here, that an iron condor works best when market remains in defined zones or continue sideways action. Few weeks back I opened a RUT iron condor that I shared with the [...]