For the month of Feb’07, I am looking to open another RUT IC i.e. 830/840/730/720 for $2.20-$2.30. My short strikes are 1 std dev away and the possibility of this IC expiring worthless are 89% on call side and 83% on the put side.
Here is the risk/reward graph: Reward $230/Risk $770 per leg. This translates [...]

I have collected $2177 out of possible $3100 from the RUT Jan Iron condor. That’s about 70% of total premium that I can generate by selling IC. This is app 31% profit for the Iron condor and just 3 weeks to go for the Jan expiration cycle.

Some of you might be surprised how could I [...]

I took advantage of today’s market drop and the rise in volatility. Though my original plan was something else, due to this sudden market drop I closed this trade for beautiful 16.36% profit for holding less then 1 month.
Here are the closing trade details:

double diagonal, Trade Ideas