After closing the short put wing yesterday for a small profit and rolling the short call wing up and out a week for an additional credit, I'm selling a 1025/1035 short put vertical in the same expiry as the rolled out call wing to complete an April 15th 1025/1035/1105/1120 iron condor.
I'm still playing a little bit with the percentage of max profit to either take the whole setup off or an individual wing off. Ordinarily, I take off the entire setup as a unit at 50% max profit, but I regard these short term setups kind of like scalps, so have been taking them off at lower profit percentages (money, take, run ... ).
Filled for a 1.21 ($121) credit ... .
I'm still playing a little bit with the percentage of max profit to either take the whole setup off or an individual wing off. Ordinarily, I take off the entire setup as a unit at 50% max profit, but I regard these short term setups kind of like scalps, so have been taking them off at lower profit percentages (money, take, run ... ).
Filled for a 1.21 ($121) credit ... .
