BABA iron condor

tommcginnis said:
Wow.
Sad.
I have no idea who shit in your Post Toasties, but it wasn't me.
My post was intended to be helpful, in offering another view -- which presumably is why you posted. If that's a mistake on my part, then take your reason-to-post, and your bile, and shove them directly up your ass. It's not needed by anyone else.
So! (And truly,...)
Peace out.
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You said "what happens when stock drops 16% tomorrow". On what foundation you base your prediction. Obviously it did come true. Just like i would say, something will fall on you head tomorrow, what are you going to do...
 
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Whats your reasoning for this trade? How profitable is this trade in the long run? selling this condor because its super wide does not support a good trade. Since you think stat vol will be low over the course of this trade ("BABA won't move 20% in 3 months"), do you have an exit strategy when BABA does move 20% after this earnings? Just somethings to think about. good luck
 
SillyWilly said:
Whats your reasoning for this trade? How profitable is this trade in the long run? selling this condor because its super wide does not support a good trade. Since you think stat vol will be low over the course of this trade ("BABA won't move 20% in 3 months"), do you have an exit strategy when BABA does move 20% after this earnings? Just somethings to think about. good luck
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Making money is a good trade! you have an appropriate handle lol
 
The reason: the next 2-3 months, the underlying will move with in it's historical range. Standard iron condor mitigation is in play. If you're concerned with stock price spiking down 16%, you don't understand iron condor, fyi the call side will increase, and visa versa. Ever heard of retracement?
It's a simple ic strategy we all should master.
 
lylec305 said:
The reason: the next 2-3 months, the underlying will move with in it's historical range. Standard iron condor mitigation is in play. If you're concerned with stock price spiking down 16%, you don't understand iron condor, fyi the call side will increase, and visa versa. Ever heard of retracement?
It's a simple ic strategy we all should master.
More...
Why didn't you buy a wide butterfly then and delta hedge? The risk reward is much better and you sell all that expensive Vega you are talking about.
 
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