iron condor

[daveyc]

Quote from Maverick74:

Of course you turned things around. They work fine 95% of the time. What your greeks are at the start of your position are irrelevant. It's what they become that creates the problem.

but, i am not sure if you are being sarcastic with your first sentence hahaha. if you are well, then screw you. but if not, well then you'll have to disregard the screw you part. lol.

 

[newwurldmn]

Quote from daveyc:

ofcourse, any trade is not a set it and forget it. but i set up in the safest manner possible knowing that adjustments will be necessary.

how much does your credit spread lose on a 5% selloff/rally where don't have time to react? That should be your guage.

Best way if your broker doesn't provide the information is to do it in excel. Simple european blackscholes would be sufficient to get an idea.

 

[daveyc]

Quote from newwurldmn:

how much does your credit spread lose on a 5% selloff/rally where don't have time to react? That should be your guage.

Best way if your broker doesn't provide the information is to do it in excel. Simple european blackscholes would be sufficient to get an idea.

i do not trade iron condors/credit spreads. i'm not sure where that came from and how you would read that i do?? i think they are too risky!

 

[newwurldmn]

Quote from daveyc:

i do not trade iron condors/credit spreads. i'm not sure where that came from and how you would read that i do?? i think they are too risky!

How to get premium while being flat gamma and vega?

 

[Maverick74]

Quote from newwurldmn:

How to get premium while being flat gamma and vega?

You could always mug someone.

But that has it's risks as well.

 

[newwurldmn]

Quote from Maverick74:

You could always mug someone.

But that has it's risks as well.

Gotta pay cash for a gun. Hopefully can get a positive return on that. Furtunately the gun is reusable and bullets are cheap

 

[daveyc]

Quote from newwurldmn:

How to get premium while being flat gamma and vega?

buy back ratios. you can get the vega as flat as possible or + and get the gamma + from the start and yes, prices move so move with them.

 

[newwurldmn]

Quote from daveyc:

buy back ratios. you can get the vega as flat as possible or + and get the gamma + from the start and yes, prices move so move with them.

vega with time adjustment or absolute vega?

 

[daveyc]

Quote from newwurldmn:

vega with time adjustment or absolute vega?

hey newwruldman, you're getting to fancy for me. please! send me a pm with your email and i'll send you a picture from tos. don't worry i have nothing to sell.

 

[eldorado1]

I think you'll have some sick image in your heads of an Iron Condor with a black Scholes that looks like a short strangle.

It's not a no brainier trade. It's fine if you have the experience and manage it responsibly.