Opening: USO October 16th 2 x 109P/-114P 155/165 Iron CondorUnited States Oil Fund LPBATS:USONaughtyPines... for a 2.74 credit. Comments: Selling a little premium in the West Texas Intermediate ETF. Using a double double to accommodate skew a smidge. Metrics: Max Profit: 2.74 ($274) Max Loss: 7.26 ($726) ROC at Max: 37.7% ROC at 50% Max: 18.9% 10% Width of the Wing TP: 13.8% I've been generally looking to take profit on these for 10% of the width of the wing (i.e., 1.00 or $100), rather than hang out waiting for the full 50% max ... .