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Archive for April, 2010

***Closed***IWM Iron Condor initiated on 29 Apr 2010

April 29th, 2010

29 Apr 2010: Initiate Trade

IWM (iShares Trust Russell 2000 ETF) Iron Condor initiated on 29 April 2010

Trade Type: Low Probability, High Reward Iron Condor

Trade Summary

29 Apr 2010

IWM at 73.52 (+1.25)
22 days to expiration

Action: Sell a new iron condor for May expiration.

Sell to open IWM May 75 Call
Buy to open IWM May 77 Call
Sell to open IWM May 72 Put
Buy to open IWM May 70 Put

For a net price of $0.90-0.91 credit or better. [All TOS autotrade participants were filled at $0.90.]
Net margin required: $110 per entry

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