What? What? In the RUT.

I’ve been running Iron Condors on the RUT too, starting last month. Of course, with the market’s explosive upward movement I managed to get completely overrun and had to roll out my position to avoid a total loss. Unlike Mantis, who has a completely normal IC going right now, I’m sitting on a wonderful 680/730 IC, so I will be hosed if the market goes bearish. Hopefully we see a bit of resistance at 700 but no real downturn over the coming weeks. Once I’m able to recoup last month’s losses, I can set up a normal IC for May. But that’s a month away, so we’ll have to take it as it comes.

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