So based on the data, Iron condors would have gotten rinsed here. Thank god I learned my lesson. In a volatile market, Iron condors are not a smart idea. Today, I went back to what I used to do which is wait until a setup is good. When price kept pushing in the morning, I figured since MVC was at 7500 and we just tapped the sd 3 level for vwap, I’d sell some call credit spreads way outside of mvc by at least 30 points. That way I could aim to close for 50% at least.
Was able to close one for $0.25 and the other one for $0.05