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I understand what you're saying. I got caught on this one. I should of bought a call to hedge , a few weeks ago for about $400. But I didn't think the market would make this manipulated run up so fast. The prem is for $2200. Will learn from this . My trading acct is about 55K at this point. This...

03-18-10 04:15 PM I am holding an Iron Condor to expiration until tomorrow morning. The call side is 1165 - 1175, and the SPX closed at 1165.83. As I understand the SPX options close at the open tomorrow, which will be ,as of now, 1161.10 with futures built in. Any chance my SPX Iron Condor...

I am holding an Iron Condor to expiration until tomorrow morning. The call side is 1165 - 1175, and the SPX closed at 1165.83. As I understand the SPX options close at the open tomorrow, which will be ,as of now, 1161.10 with futures built in. Any chance my SPX Iron Condor will expire under...

Does anyone know the exact time of the SPX and RUT expirations? Some say this Friday at the opening(Is that with the overnight adjusted futures which are about 5 points lower than the previous close or some say 12pm noon that Friday Thank you

Looks like the brawl at the expiration will be for 1155

Any predictions where this manipulated S and P ends up on this triple witching Friday?

Any prediction where the markets are going in the short-term? Looks like resistance at 1145-1150 (SPX).

I would adjust the trade through buying next month out puts, if my deltas went up to around 28-30. Or take the troubled side off ,wait a couple days to settle and reset. Or take off half the position. I hope to invest $100-150 K in IC's and Calenders in a yr or so, once I learn more. So if I...

Mark, Thanks for your post. I really didn't mean it can't lose money ever. But from what I understand , the market would have to make a massive move either way to lose. 700 + or over -1200 in 48 days. Also, If I cleared 60% of that 2.1 credit, I'll be long gone. I'll take that bet anyday. From...

Thanks. It seems that if the SPX is up (or down)1%, the Dow is up 1% to 1.15%. So there has to be some corralation and my numbers seem to be somewhat accurate. Ofcourse if the market moves big, I would buy puts or calls 1 month out to hedge. Any other comments would be great.

I would like to put on my 1 st live trade and have some questions. This would be my trade Iron Condor -SPX (48 days) 10 Feb. 1190 CALL 10 Feb. 1200 CALL...

Thanks for your help. What would you suggest? 7 or 8 contracts instead of 10 for each IC ? or two 10 contracts of the SPX and RUT (low or high prob?)

I have been paper trading the two indices using Iron Condors for 6 months, and will start trading soon . I have 30k and plan to put on 3 IC's a month.(10 contracts each) It seems the RUT makes bigger moves and is a bit more volatile. True? I plan to put on either 1 high prob and 2 low probs or...