Rolled $MA Iron Condors Up & Out To October

9/18/12
Rolling these iron condors up and out to October.  Net credit is $0.20 per lot.  Keeping a bullish bias on this trade, which is why the put strikes are so high.  The 20- and 50-day moving averages will soon rise to meet that strike and act as support.

Currently a 76% chance of success on the put side, 83% on the call side.

Trade:
STO MA Oct 12 435/430 bull put spreads for ($4.72-$3.62) x 100 x 5 lots = $550 credit
STO MA Oct 12 480/485 bear call spreads for ($2.61-$2.01) x 100 x 5 lots = $300 credit