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Before market opening I am at 102.6%. I'll be on the road most of the day, so I don't know if I'll be able to open new spreads with quarantined funds released today. This weeks action allowed me to collect quite a bit of extra credit by rolling even in the last week. I lost small on some, but...

Your observations are similar to what I have observed for the last several months. I'll get my funds released from the FEB 11 series for trading the APR 11 series today, so I haven't faced the challenge yet. I no longer trade SPX (except for the weeklies sometimes) in favor of the NDX. They are...

Because it's fun and I make my living doing it. What could be better than that?

I trade index options credit spreads for a living. However I'm having trouble understanding your plan. What date did you enter the spreads/IC? What kind of credits did you receive when you put on the credit spreads/IC. Was your trading unit a credit spread or the Iron Condor? Does your IC...

Precisely.

Surprisingly, three roll opportunities were available with good places to land. I did not expect to collect so much credit in the last week before expiration. If I don't mess up, this will be an outstanding month.

Tradition and laziness. I came to the idea from some of my own research before I had a good understanding of delta. In fact I suggest that those who do not want to use ToS use delta as an effective proxy. However, I do like having a number right in front of me that is a good proxy for the...

This gives a view of my dashboard is its minimalist form. The opportunities and jeopardies are clear to see from the yellow highlighted cells. The details are available a few posts earlier in this thread. Quick summary: No incomplete Iron Condors Five opportunities to roll. One...

The margin required to put on a credit spread is the difference in strike prices less the credit received. The companion spread that would make it an Iron Condor does not require any additional margin because there is no additional risk to the broker. The underlying instrument price can only put...

I've been at it for 28 weeks and my account is up 94.4%.

If I have left some of your questions unanswered, try me again. It was not intentional. Address verification in the US is mostly a consequence of Homeland Security rules for tracing terrorist funds. Also, the IRS likes to have eyes on every dollar you make. Tax dollars at work to make us...

Iron Condor 38 presented a roll opportunity. Iron Condor 42 is designated as a weekly as it was established in the last week of the FEB 11 series with funds out of quarantine used for weeklies.

Part of the problem of learning a strategy from a journal is that you are jumping in in the middle with lots of questions and no foundation in the principles of the strategy. I do my best to answer the questions in context, but reading a journal and asking questions cannot replace learning...

Mastering self discipline and emotional control is easier if you recognize there are tools you can use to provide the necessary counterbalance. If you believe it is just making up your mind and doing it you are fighting a loosing battle. I use two tools. The first is a trading journal. I am...

My trading unit is always the credit spread, even if a companion spread is immediately available. This lets me manage it over time as a spread without any confusion with my own analysis or from the broker if I want to modify either of the wings. I treat the Iron Condor as just an artifact of...

Not everyone's trading experience is the same. It took a year for me to develop my strategy. I paper traded it for 5 months. I traded is for small money for 2 months. I now trade it for serious money. Including the 2 months of small money trading I average 10.6% month on month return. I make...

Thanks for some good ideas. :cool:

I enter the companion spread as soon as one is available that meets my entry criteria. This is not always immediate because of a phenomenon known as skew. A given PoT level will not be equidistant from the underlying instrument price for the short PUT and the short CALL for the spreads...

My fault. Will post again this weekend.

Yes I did. On closer inspection, there were some flaws. I'm currently writing a "recipe" form of my methods which I think will be more informative. Reliable electricity among all the ice here would be helpful. :(