RUT Iron Condor

Technically speaking the RUT is still stuck in a range with support around 730 and resistance around 790. I think we could stay in that range for some time, especially if news, reports and political situations stay flat. One chart pattern that might be setting up right now is a reverse head and shoulders, and the neck line is the resistance point of 790. With pattern probability we have, based on the head and shoulders, a higher chance of going higher with a break of 790. With no real direction, selling delta neutral spreads are ideal for me. That is way I am sell iron condors in RUT

Below is the risk graph of my RUT iron condor, I’ll update if there are any adjustment.

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