Reverse Iron Condors

[traderlux]

Quote from babutime:

Wow, I can't believe how my feeble attempts at a joke have gone past so many...

Understanding sarcasm is difficult I guess

...only spin gets a pass on bad jokes....

 

[atticus]

Our Indian friends have a great sense of humor. I was certain it was sarcasm when Babu made the "quantitative" statement. Not to belabor it, but there isn't much utility in a *short* condor thread. It's not a methodology any more so than a *long* condor.

 

[traderlux]

Quote from atticus:

Our Indian friends have a great sense of humor. I was certain it was sarcasm when Babu made the "quantitative" statement. Not to belabor it, but there isn't much utility in a *short* condor thread. It's not a methodology any more so than a *long* condor.

...well, when he started talking about touching, it brought back memories of hocoloco... still, am not convinced he was not half serious, seems like a lot of others are in the same boat, i mean if spin and donna cant sniff out a bad joke, who can?......

 

[babutime]

Quote from traderlux:

...well, when he started talking about touching, it brought back memories of hocoloco... still, am not convinced he was not half serious, seems like a lot of others are in the same boat, i mean if spin and donna cant sniff out a bad joke, who can?......

Lol @ "still, am not convinced he was not half serious".

With all due respect to the experienced traders here, I'd make a safe bet that while you guys are probably pretty fkin good at what you do, lets face it, you do suck at a few things here and there.

Sniffing out bad jokes is definitely one of them.

A+ for trading success
C+ for Sniff101

 

[atticus]

Quote from jkgraham:

Has anyone ever bought Reverse Iron Condors before earnings? They look like an interesting alternative to Straddles and Strangles because they "could" costs less and have a smaller window of failure, but with less profit as the trade-off. If you use them, do you have any rules or suggestions on how to implement them? Would you do them on the weeklies? It looks interesting but doesn't get much attention. I wonder why?

To answer your question; yeah, they will often work to capture cheap event vol.