As discussed here, CCI had established the July, Apple $495-$500, $610-$615 iron condor for a $2/contract credit. In essence, this was a bet that Apple would trade in a $110 range between $500 and $610 for a month
With Apple (AAPL) recently trading well over $600, the trade has been at risk of losing money on its upper end for awhile. With only 8 days until expiration the risk/reward (risk $3 to make $2) on a position that essentially has a 50/50 chance of going up or down was no longer appealing. CCI took advantage of a small pull back in Apple today to closed this trade. Overall the trade made a relatively immaterial credit of $.09/contract (i.e. a tie).