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 $0.50 at the open which is further than the expected move *2 on the 6:25 AM PST time frame. I plan to close one at $0.10 if its possible. I set a stop loss of $1.50.
These are basically Worthless now. It is 10:45 AM PST. There is only 2 Hours and 15 minutes left. I plan to let them expire worthless or if price goes past 7620 I’ll close them.