RUT: SEPT Paper Trade "The Tight IC"

For our September PAPER TRADE example we're going to sell (1) contract SEPT 750/760/740/730 Iron Condor for $8.50. Our total risk on this trade is $1.50

Our profit target is an ROI of 50% to 100% and we will exit our trade no later then the Monday before expiry which falls on September 15th.

Our breakeven levels on 9/15 are 717 and 770. There is a 53 point range between those areas where we can buy back the IC for a profit.

Our bias is that the RUT will continue to chop in this range for the next 4-5 weeks.

We do not plan on exiting this position early unless there is a substantial change in the market conditions. The broad markets seemed to have put in a short term bottom so we will trade what we see.

RUT: PAPER TRADE September 750/760/740/730 Iron Condor - sell for $8.50 (Graph shows theoretical P/L on Sept 15th)