IWM Put Credit Spread (see related) into a IC

5 Oca 2022

IWM continued to fall today, so I decided to look on the call side to turn this into an Iron Condor.

Why?
1. Condors do not increase margin over a spread
2. IWM has been range bound
3. Large cushion past 2 resistance points
4. Additional Credit recieved

Opened Feb 2nd 236/238 IC for a 0.22 cent credit.

11 Oca 2022

Not

Closed put side as it tested SL (-200%). Closed call side for a profit. Reduced max pain on trade from 200 to -53.