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Thank you. Very helpful. Yes, I just today noticed that I'm selling the options cheap as I sell puts when market goes up and calls when it goes down. What would be some other ways to increase/decrease delta, by selling premium, that does the same thing?

Thank you. I initially thought that I would choose high percentile trades (70 or above) and just simply close out the losing trades (since I don't really know how to "roll" them) when they approached the short strikes. This way the risk/reward is always skewed favorably (70% wins, wins bigger...

This is very helpful to me, thank you!

I guess it depends on how far. I've used half of my "adjustment funds" in the past week and a half, and we have about 2 weeks to go. I don't really know. I really appreciate your post above, helping to explain what a roll might look like.

Yes, I believe the recommendation is to use half for putting on positions and the other half for adjusting. This way we can carry our positions to expiration. Again, not recommending this, just showing what he taught, and wondering if others are managing "overall position delta" rather than...

This makes sense, but I watched a webinar with Don Kauffman (search for him at Think or Swim webinars) and he showed how by merely adjusting "portfolio delta" (adding Vertical calls when needing negative delta, adding Vertical puts when needing positive delta) you can keep all positions on until...

Thank you. When you say you would rather "use the opportunity to hedge" can you explain what you would do then? In other words you are in an iron condor and the underlying goes up and approaches the short call. How would you hedge? Thank you again for responding.

Greetings, I'm new to options, have been trading Iron Condors, spread trades, etc. for a few months now, and have a question: Some people recommend managing the trades by adjusting them individually, others recommend managing "portfolio delta" to keep it as neutral as possible. I've...