Its expiration Friday! This is one of those days in the month were you either love it or hate it. For me, expiration Friday is usually a pretty good day. This month I came out 100% profitable – but that’s not very hard when you only have one trade going for the month.
Position recap:
- Feb 2006 RUT 630/640 750/760 Iron Condor
- Opened: Sold on 1/20/2006 for $0.75 Credit
- Closed: Expired Worthless!
All looks good so far. The Russell opened up around 733 and has been choppy all day. My 20 point cushion looks like its going to hold nicely. Looks like that should yield a nice return of about 7.5% over about 28 days… Not to shabby!
Looks like its time to start looking for another March Position!
Update: The RLS was at 734.81 today. The trade worked out perfectly!
