raylong

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 … Read more

So I didn’t do the Iron Condor today because the range was too high. Didn’t really want to risk it and just waited until I saw a setup for upside. Around 7:45 I sold 2 put credit spreads at 7400/7395 for $0.50 the moment I saw delta start flipping with more positive. It was completely … Read more

So didn’t take pictures today because i was down alot today in my trade. Today was the first time my IC trade didn’t go as planned. I think from now on I wont do the IC trade if we already pushing on the bottom of SD3 on the US500. The IC trade seems to work … Read more

So I did my Iron Condor Trade and sold it at the strikes for EM times 2 for the levels at 6:25. I sold an iron condor at 7460|7450(put) and 7615|7625(call) for $0.55. Looking to close one at $0.10 and let the other one expire worthless. These ended up expiring worthless.

This is Day 5 of Trading with the iron condor trade. I posted a screenshot of how I’m choosing my strikes. The expected move must be lower at 6:31 AM PST than the one at 6:25 if it isn’t we don’t do the IC Trade. I sold 2 Iron Condors at 7520|7510 and 7645|7655 for … Read more

I did my iron condor trade again at the open using the expected move times 2. I’ll put more data on this once i’ve done this for at least a month of wins. However, it wont be posted if it starts losing. So the past 4 trading days have all been wins due to it. … Read more

So today I kind of messed up at the morning and chose a wrong strike and when we pushed higher I repositioned my iron condor at a further strike and took a $25 loss. I sold 2 Iron condors at 7505/7495 and 7640/7650 for $0.50. I closed the 7635/7640 call side for .75 when i … Read more

So I tried something a bit different to day and sold an iron condor that was 2 times the expected move. I basically documented the whole month of may every 15 minutes the price and expected move. I noticed that price never ended up being two times the expected move of the value from 6:25 … Read more

I sat today out, data was all over the place. Wasn’t feeling like today was a good day to trade.

Originally I wanted to sell calls since we dropped at the open, but because everything was so tight in range, I decided to wait for it to hit the bottom and then it started to reverse. I sold put credit spreads at 7475/7470 for $0.60. Looking to Close these at $0.10 or $0.05 depending where … Read more