$4.75 Stock Trades. Visit OptionsHouse.com Today!      Save 15% on H&R Block At Home Products Deluxe



Posts Tagged With 'iron condor'

Posted by Martin September 26, 2015

How to create options spreads using delta

When I started trading options a few years ago I used all sorts of analysis, predictions, chart reading, but mostly my trading was based on direction prediction. It was all wrong. No one could ever predict where the market or any particular stock will go nor ends up in any particular day in its life Continue reading →

Posted by Martin September 15, 2015

How to manage and defend SPX Iron Condors

I created a great strategy for myself and I thought that the strategy was completely invincible. And it was running great and I was making money. I also created a defense strategy in case something would go wrong however, I never expected to use the defense. Until the recent sell off and market crash. Then Continue reading →

Posted by Martin February 12, 2015

SPX 2005/2010/2105/2110 Iron Condor in good shape to expire

This morning I opened a new trade – Iron Condor against the S&P 500 (SPX). My strikes are 2005/2010 puts and 2105/2110 calls. I collected $30 credit for this trade. Although there are still two days left until expiration the trade is in good shape to expire worthless. With Iron Condor you want the underlying Continue reading →

Posted by Martin November 28, 2014

Expiration Friday mostly flat

Expiration Friday mostly flat

The week looked good until last Thursday end of the trading. Markets were slightly up which was good for our options positions set to end this Friday. I had an Iron Condor against SPX set to expire today. It was 2105/2110 calls and 2030/2035 puts. Since the market ended at $2067.56, both legs of the Continue reading →

Posted by Martin November 10, 2014

Closing bull put spread against SPX for 11.29% a week early

Closing bull put spread against SPX for 11.29% a week early

We had a bull put spread against SPX which today became worthless and we could close it early. The trade was originally remnants of an Iron Condor we put our on October 21, 2014. The trade didn’t go well originally as our call side 1955/1960 call spread was breached when markets continued their incredible recovery Continue reading →

Posted by Martin October 23, 2014

Friday Weeklys Expiration SPX, GOOGL, NFLX

Friday Weeklys Expiration SPX, GOOGL, NFLX

Tomorrow is an expiration day for weekly options. We have a few trades which are set to expire tomorrow and most of them will do so. We had an Iron Condor against SPX, but our call side of the Condor got breached and we decided to move it away in time and converted it into Continue reading →

Posted by Martin October 09, 2014

The worst market results in 2014 so far

The worst market results in 2014 so far

Wow, the market had the worst time ever. It looks like we are at the top of the trend and reversing. I do not remember seeing such swings of 300 points (Dow Jones) in just three days. At least for a few last years, this behavior didn’t happen. I watch weekly, daily, and intraday charts Continue reading →

Posted by Martin January 06, 2012

New trade – DO

This trade shall open on Monday next week: Diamond Offshore Drilling Inc (DO) Iron Condor BTO 1 DO Jan21 2012 66.25 Call STO 1 DO Jan21 2012 61.25 Call STO 1 DO Jan21 2012 52.00 Put BTO 1 DO Jan21 2012 47.00 Put Price: limit credit $4.61 Max risk: $39 Max gain: $461 if price Continue reading →