March 2011 RUT Iron Condor Exit

Lower leg of March RUT Iron Condor spread closed opened on 3/16 was a 730/740. RUT was trading around 780 (but there was a lot of volatility in the market due to the unfortunate situation in Japan.

Close March RUT Spread

  • Sell 730 Puts @ .95
  • Buy 740 Puts @ 1.20

* Net Debit: $.25 per share or $25 per contract (each contract is 100 shares)

Profits booked for this month, and we’ll look forward to April’s Iron Condor.

Note: I also sold another 730 / 740 spread at .20 cents on 3/16.  didn’t actually think it would execute.