Monday, December 28, 2009

12/28 RUT Iron Condor

I've started simplifying the position by replacing the long FEB contract with buying one vertical spread and one of the short call contracts. This leaves me with a similar profile in therms of short term greeks, reduces the vega exposure and gives me a shot at exiting at a better price if we move back down or sharply up.

Next step is to work an order to remove the PUT side.



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