After buying back the short put vertical side of this short duration iron condor yesterday at 50% max, I'm resurrecting the short put side here to hedge against the possibility of further upside in the Russell.
The setup is rather tight, with a scant 20 strikes between my short options, but the model is telling me that the 1075/1085 short put vert has a 70%+ probability of profit for that expiry, so that's what I'm mechanically going with.
Filled for a 1.41 credit ($141/contract).
I'll look to take the entire setup off in profit or the wings one at a time ... .
The setup is rather tight, with a scant 20 strikes between my short options, but the model is telling me that the 1075/1085 short put vert has a 70%+ probability of profit for that expiry, so that's what I'm mechanically going with.
Filled for a 1.41 credit ($141/contract).
I'll look to take the entire setup off in profit or the wings one at a time ... .
