Monday, January 26, 2009

Closing Trade: RUT Bear Call Spread

On Friday one of the RUT legs from my Iron Condor hit my order price and closed. Since the original trade was made before I started the blog, I didn't post it, but here is the opening trade made on 1/16/09:



Sold RUT Bear Call Spread, 560/550 @ .55



When I put these trades on I immediately put a Good-til-cancelled order in to take profit once the premium was eroded. On Friday the spread hit that price:



Bought RUT Bear Call Spread, 560/550 @ .15

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