I entered into my September 2008 Iron Condor before even creating this blog, but several people have inquired as to when I'd be posting a trade. So I figured I'd just post my current position on here. When I enter into my October position, I'll post it.
My September 2008 Iron Condor consist of a 660/670 Bull Put Spread and a 780/790 Bear Call Spread on the Russel 2000 Index (RUT). If the RUT closes between 670 and 780 on expiration Friday (September 19), these options will expire worthless and I will get to keep the premium I collected when I sold them. This is the ultimate goal of the Iron Condor strategy.
If I make any adjustments between today and expiration Friday, I'll post them as a comment to this post.
Thursday, September 4, 2008
September 2008 Iron Condor
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| DISCLAIMER: The information posted here is NOT investment advice, nor is it a recommendation to buy or sell securities or options, nor an offer to buy or sell securities or options. Victor Rodriguez is NOT an "Investment adviser" under the Investment Adviser's Act of 1940. None of the information provided here is intended to influence the purchase of any security or option. Victor Rodriguez shall not be liable for any loss, monetary or otherwise, that may occur from persons' reliance on the information provided here. Readers are not promised a profit for transacting in options or securities. Past performance is not indicative of future performance. Please consult with a licensed broker before making any purchase of any options or securities. |
| U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Futures and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This blog is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this blog. The past performance of any trading system or methodology is not necessarily indicative of future results. |
| CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN |
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