I was originally in a Iron Condor but it started going down so I ended up closing it for a $50 loss. Then I waited for it to hit a bottom and sold Put Credit Spreads at 7310/7305 for $0.70. These are now worth $0.15. Ended up closing these at $0.10 at 8:28 AM PST. … Read more
There was such a strong push down that i didn’t bother selling iron condor. I sold calls spreads 7 minutes into the market. The strikes I chose were 7465/7475 for $0.50. Was able to close all of them for $0.05
Will be taking a break from trading for the next few days. Will probably try trading once things settle down in my personal life.
Today is FOMC Meeting. I honestly should have just sat this one out. But your boy is a degenerate lol. I sold an Iron Condor at 7635/7645 and 7410/7400 for $0.55. The way I chose these strikes today is basically using the expected move range at 6:31 AM PST which was 45.6. I took this … Read more
So spent the weekend doing backtests with Iron Condors using double Expected Moves. Apparently I’d have more wins as long as price doesnt drop down like a rock. The percentage of wins based on EM X 2 is around 85% from the span of 2 years. However, I don’t know how much premium I would … Read more
So I kinda fucked up on this one because i was afraid of missing the move. I originally got in at 7380/7390 for $0.90 and then got out at $1.40 to reposition my call credit spread to 7400/7405 at the top. Sold two of them at $0.55. Should have been a bit more patient and … Read more
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.