Covered Calls

[gtober]

Iron condor update. Successful low risk trade.

Close out the puts for a net cash outlay of about $0.04 or just let them expire. Close out the calls for a new cash outlay of about $0.06 or just let them expire. Total cash outlay of about $0.10 and total collected premium of $1.16. Total gain on the trade of $1.06.

My concerns were not founded in this case, and I guess it is a good lesson that stocks do not generally make significant moves most of the time.

I am considering an iron condor on IWM.