Beginning with $38,434.
Our RUT Oct07 740/750/860/870 Iron Condor was initially opened for a credit of $1.05.
The 740/750 was later closed out for a debit of $0.10 and a RUT Oct07 800/810 put spread was opened for an additional credit of $0.60.
The total credit for this month was $1.55 and the margin requirement was $9.30.
The position expired worthless resulting in a 16.3% profit!
A $38,434 beginning balance would now be $44,699.
