IWM Iron Condor 183/212

Video says it all, two part trade which started as a put credit spread. Added call side for some P/L offset if we continue to move downwards.

Bình luận:

With todays action, I am finding it hard to determine whether we are going to make a sustained move up or not. My put spread is in the green 25% and the call side of this condor was in the green but declining all day. Took it off for a small 2% gain this afternoon.

The plan going forward will be to capitalize on an up move, and if we move back downwards I will re add the call spread to help balance out the trade. That is what I love about combining spreads to make ICs. It is like lego that you can snap on and snap off when you want or dont want it.

Bình luận:

Glad I closed out the call side yesterday. Today the puts hit 50% today and I closed for a 0.27 debit.