He's pretty clear about what's he's doing. You can easily model it yourself in Excel. After all, you do put the ELITE in EliteTrader.
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iron condor
- Thread starter osho67
- Start date
He's pretty clear about what's he's doing. You can easily model it yourself in Excel. After all, you do put the ELITE in EliteTrader.
Iron condors can be looked at as a bunch of butterflys on top of one another.
Just understand verticals,and everything else will fall into place..
Just for shits and giggles take 3 butterflys and net the strikes out.
1st butterfly 35,40,45 call fly
2nd butterfly 40,45,50 call fly
3rd butterfly 45,50,55 call fly
What do you end up with??
Just understand verticals,and everything else will fall into place..
Just for shits and giggles take 3 butterflys and net the strikes out.
1st butterfly 35,40,45 call fly
2nd butterfly 40,45,50 call fly
3rd butterfly 45,50,55 call fly
What do you end up with??
Quote from osho67:
spindr0
you said
Butterflys have higher profit potential but less safety and the reverse holds true for the IC's.
If ICs have higher safety -that is really what I want. I have yet not understood difference between butterfly and iron butterfly. Please explain. Thanks
Quote from taowave:
Just for shits and giggles take 3 butterflys and net the strikes out.
1st butterfly 35,40,45 call fly
2nd butterfly 40,45,50 call fly
3rd butterfly 45,50,55 call fly
What do you end up with??
OK ..... I will give this one a try. You would start with an Iron Butt Plug, but to pack all 9 strikes in you would need a very wide butt hole and the only ET member who has such a wide butt hole is atticus. So you would end up with an:
Atticus Iron Butt Plug
Lol....I am not going there..
Quote from ForexForex:
OK ..... I will give this one a try. You would start with an Iron Butt Plug, but to pack all 9 strikes in you would need a very wide butt hole and the only ET member who has such a wide butt hole is atticus. So you would end up with an:
Atticus Iron Butt Plug