[Opening New Iron Condor on Russell 2000 Index (RUT)]
Dear Member:
I am going to try to enter a new iron condor on the Russell 2000 Index (RUT) that is a little different from the one I missed entry on yesterday. I am placing the following order to simultaneously fill at a credit limit of $2.30 or better:
Buy to Open Dec 870 call (RUZLN)
Sell to Open Dec 860 call (RUZLL)
Sell to Open Dec 710 put (RUTXB)
Buy to Open Dec 700 put (RUTXT)
As you can see, the spread is a bit wider than I attempted yesterday and therefore has a higher statistical chance of success for a lesser credit.
DISCLOSURE: At the time of publication, I still own the call spread from the Nov condor on RUT.
Sincerely,
Bill Kraft
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