Since I was planning on trading RUT in thirds, today I am adding my second 1/3 portion. RUT has moved up since I opened the trade so I am placing another iron condor at strikes slightly higher than before.
SOLD VERTICAL RUT 100 SEP 08 820/830 CALL @ $0.25 credit
SOLD VERTICAL RUT 100 SEP 08 670/660 PUT @ $1.30 credit
My previousnet credit was $1.60, so now my new potential is 1.60+0.25+1.30= $3.15/ risk of 10.00-3.15= 45.9% ROI potential
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