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 exit criteria also paid very well and tested very well against the ups and down of the market. A simple yet powerful concept resulted in no need for adjustments or ju-jitsu.
My margins are freed and now I shall start looking for April income trades. As the volatility has risen, so is the premium and so is the Risk. It’s important to choose the trade carefully.