why is iron condor ever a good idea?

[Singlemalt]

Properly managed is the key flaw here. If you're gonna test and confirm, then your exit rules need to be more precise than 'properly managed' What defines properly managed, and by whose criteria? You need better stats if you're gonna trade on those stats. Otherwise you will just become another stat...

10% profit, 15% loss, on margin.

 

[Abundance Magnet]

10% profit, 15% loss, on margin.

Who conducted the study? What is the sample size? How did they exit? Stop loss, on market bid? There are a lot of nuances. Aot of research is meant to push a certain narrative... That why research and backtesting is so key (especially your own stats)

 

[Singlemalt]

Properly managed is the key flaw here. If you're gonna test and confirm, then your exit rules need to be more precise than 'properly managed' What defines properly managed, and by whose criteria? You need better stats if you're gonna trade on those stats. Otherwise you will just become another stat...

Perhaps you missed the 11 winners 1 loser part. And, yes I know you can't verify my experience. Properly managed means following your plan. My plan with IC's is 10% profit and 15% max loss targets (less than 15% loss is OK). Rolling the wing when the deltas of the short strike double.

 

[Abundance Magnet]

Who conducted the study? What is the sample size? How did they exit? Stop loss, on market bid? There are a lot of nuances. Aot of research is meant to push a certain narrative... That why research and backtesting is so key (especially your own stats)

Also losing 15% 22 ‰of the time .. Is not that great. Especially since I bet your losses are more than 15,% per trade. Real life is probably closer to 20... Mm also like to gun for stops, so that's an issue too

 

[destriero]

OK, all the "Elite Traders" come attack the new guy who has a spine. This is the first place of self proclaimed elite traders I've seen who believe Iron Condors as vodo. A 30 delta spread has a +-70% probability of finishing OTM. 78% isn't far away from somebody out of options 101 with 98F gray matter. You apparently take deltas as voodoo, what do you call chicken feet bannan boy. I fully expect to get kicked out of here tonight and I will be better off afterwards.

An ATM put or call is 50D absent rates. WTF are you sourcing a one lot 30D IC? You cannot approach 30D by using an ATM leg. You cannot structure a one lot 30D IC that's ***OTM***. Sure you can go deep ITM on one of the verticals, but that's hardly 70% prob, now is it?

 

[destriero]

Perhaps you missed the 11 winners 1 loser part. And, yes I know you can't verify my experience. Properly managed means following your plan. My plan with IC's is 10% profit and 15% max loss targets (less than 15% loss is OK). Rolling the wing when the deltas of the short strike double.

Perhaps you missed my flawless math that states 11/12 times you win all the time.

 

[Singlemalt]

Who conducted the study? What is the sample size? How did they exit? Stop loss, on market bid? There are a lot of nuances. Aot of research is meant to push a certain narrative... That why research and backtesting is so key (especially your own stats)

C'mon. I'm with Elite Traders!!!! A 30 delta spread has a +70% chance of finishing OTM. Managing winners improves those odds. Are you going to tell me that you can't beat that holding to expiration?

 

[destriero]

Using the 30D C/P as the short outside combo for Sep21:

Sep21 2850/2870/2935/2955 is 7.90 last; risking 12.10. 5D at inception. 30? Please show us a IC where you can structure it OTM and approach 30 deltas at inception. You cannot.

 

[destriero]

C'mon. I'm with Elite Traders!!!! A 30 delta spread has a +70% chance of finishing OTM. Managing winners improves those odds. Are you going to tell me that you can't beat that holding to expiration?

I will gives you monies if you can show us a one-lot 30-delta OTM iron condors right now...

 

[destriero]

C'mon. I'm with Elite Traders!!!! A 30 delta spread has a +70% chance of finishing OTM. Managing winners improves those odds. Are you going to tell me that you can't beat that holding to expiration?

1. You're off your meds. 2. What about the IC mentioned above! it's only a 5D so it's got a 95% probability, right? 3. WTF are you finding 30-delta iron condors?!