I put on the following trade on Friday:
RUT trading at 734.30 with 41 days to expiry at 24.54% vol.
Sold 770/780/690/680 Iron Condor for credit of 4.30
Risk managment
BreakEvens: [685-774]
1day (8/11) 724-743
7day (8/15) 709-759
14 day (8/22) 699-769
Profit goal (+20%)= 3.44 (.86)
Loss (-25%) = 5.37 (-1.08)
Today (8/11) there was a move of more than 1 sigma. The rut closed up 16 points to close at 751. Big move today.
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