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Steve, Will IB recognize the trade as an Iron Condor if I leg into it or open the two sides at different times?

Don't worry - I dug it out of some other ET thread. But why tenor?

I appreciate everyone's responses - thank you very much! More questions though if you don't mind. For the sample trade IV posted: it wasn't vega neutral, was it? I entered it in Platinum and it showed a vega of -0.16 (or -$16.03 as Platinum shows it). It looks pretty big for a vega...

This is exactly what I don't understand: wouldn't RC actually benefit from vol decline because it has negative vega?

IV, Would you please explain this - I am still a newbie and trying to understand this. You said that RC should be vega neutral. But wouldn't it benefit from IV crash for earnings plays if it had a bigger negative vega? Thank you!

Does anyone trade Iron Condors in IB? Do they margin one side or both? I know this question has already been discussed on ET but maybe something has changed since then. I sent this question to them and this is what they replied: "Although the option margin optimization software is...

Looks like Peak didn't have a good risk management system which is very important with credit spreads. Wiseoptions chose to buy back the spread while it was still profitable and not wait until it goes against them. They also wanted to eliminate the SET risk (Friday opening gap). They ended...

TJ, Stay away from Options Hotline! Did you read their fine print? Here is what it says: "Gains are based on all triggered trades, assuming exit point at peak option value. Percent gain represents the percentage change at the subsequent high value, from the trigger price. Subsequent high...

Looks like I didn't phrase my questions correctly - I was merely looking for someone willing to share their own approach to options trading in general terms without giving too many details. For example: "I am Joe TheTrader and I am trading butterflies on stocks XYZ, ZYX, etc. and credit...

A couple of questions to option traders who don't trade indexes only. 1) How do you go about finding trade setups: do you search the whole universe of stocks or you have a basket that you play over and over? Or maybe you look at stocks in specific sectors? 2) What are the main option...

No, they didn't have to adjust yet, we still have some cushion left. Let's see what happens tomorrow.

I've subscribed to WiseOptions SPX service 2 months ago. I am starting slowly trading only 1 spread (Iron Condor) at a time for now in ThinkOrSwim. I had one closed trade so far and it made 14.91% after subtracting commission. The current trade will make 9.8% Saturday if we don't have a...