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RUT Iron Condor (Jan’07, Closed for 39.86% Profit)

Published on January 11, 2007

RUT Iron Condor (Jan’07, Closed for 39.86% Profit)

January 11, 2007

OP Readers,

3 Cheers. I took advantage of today’s brief rally and bought back my put leg (740/750) for $0.20 cents instead of waiting and letting it expire worthless. With this I have closed my Jan’07 RUT trade and I collected $310-$15-$20=$275 by risking $690 per leg. This resulted in 39.8% profit for this IC.

Here is the transaction detail:Jan 07 BullPut closure

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