Credit spreads (Iron condor)

I'm doing flys on the indices gravitating to NDX per optioncoach and riskarbs suggestions. Very little adjusting is needed as the NDX is cash settled and I will let it sit if anywhere near sweet spot. If it does look like a "no hoper" then I'll convert to a credit spread near the end. Like you I might look at embedded flys or will have an unbalanced fly.....again the possibilities are endless.
 
Quote from RichardRimes:

I'm doing flys on the indices gravitating to NDX per optioncoach and riskarbs suggestions. Very little adjusting is needed as the NDX is cash settled and I will let it sit if anywhere near sweet spot. If it does look like a "no hoper" then I'll convert to a credit spread near the end. Like you I might look at embedded flys or will have an unbalanced fly.....again the possibilities are endless.
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The spreads on the NDX are also less frustrating despite the smaller selection of strikes ;)
 
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