XRT Iron Condor

3 mars 2017

Back to the well in XRT - improving some breakevens on my straddle and adding some more theta.

Trade Setup:
-2 XRT Apr 21 39/42/45/48 Iron Condor @ $0.96

DTE: 49
Max Win: $192
Max Loss: $408
Breakevens: 41.04 & 45.96

Trade Management: 50% profit or $96. I'll likely roll the untested side if we get movement. Content with taking a full loser as well with this trade.

Green is profit zone; Vertical black bar is expiration.

14 mars 2017

Note

Closed the short call side of this spread for .09 debit ($44 profit thus far). This leaves my new BE to the downside at 41.13.