June RUT Iron Condor and May Close

The May Bull Put 735/745 and Bear Call 905/915 Russell 2000 Iron Condor expires worthless and we experience max profit.

June Spread

  • Buy 730 Puts @ 2.41
  • Sell 740 Puts @ 2.67
  • Sell 885 Calls @ .49
  • Buy 890 Calls @ .40

* Net Credit: $.35 per share or $35 per contract (each contract is 100 shares)
* $500 margin requirement per contract
* $35 / $500 = 7% return on investment
* Total potential loss of $430 ($500-$70) per contract