September RUT Iron Condor and August Close (Ugh)

After being a complete idiot and not following the trading rules by spending EMERGENCY cash on naked options.  Here is the bottom line for August close.

  1. Bought out the August 910/920 Bear Call Credit Spread for .05 per contract
  2. Rolled the August 720/730 Bull Put Credit spread to a September 740/750 Bull Put Credit spread for .50 per contract
  3. Rolled the August 735/745 Bull Put Credit spread to a September 740/750 Bull Put Credit spread for 2.00 per contract

Current position is a September 740/750 Bull Put Credit Spread.  It may take a few months to recover, but at least we didn’t lose it all.

See you next month.