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Posts Tagged With 'iron condor'

Posted by Martin May 25, 2017

Options Trade: TECK Iron Condor trade (ROTH IRA)

Opening another TECK Iron Condor in ROTH IRA:   BTO 1 TECK Jul7 14.00 put STO 1 TECK Jul7 16.00 put STO 1 TECK Jul7 21.00 call BTO 1 TECK Jul7 23.00 call   @ 0.35 credit limit   TECK @ 18.64   Trade executed at 0.35 (or $35) credit.   IV of the trade: Continue reading →

Posted by Martin May 24, 2017

New Iron Condor with STX in ROTH IRA

I had an Iron Condor in my ROTH IRA account (unreported in this blog) against Seagate Technology (STX) stock. That trade closed today morning for a full profit. This released our buying power for a new trade.   We are opening a new Iron Condor against STX:   BTO 1 STX Jun30 38.50 put STO Continue reading →

Posted by Martin May 22, 2017

New Iron Condor using TECK in ROTH IRA

My old TECK Iron Condor in ROTH IRA closed today completely for a nice profit of 13.2% in 32 days which released some of my buying power. This allows me to open a new Iron Condor trade using TECK as underlying.   For tomorrow morning I am placing a new trade order:   BTO 1 Continue reading →

Posted by Martin May 22, 2017

TECK Iron Condor trade (ROTH IRA)

UPDATE: May 22, 2017   The trade executed this morning. As the old Iron Condor closed, this new opened and we are in the trade. We collected 0.35 credit or $35 dollars. Now we will wait for this trade to develop. We also placed buy back orders for both our short legs (to buy back Continue reading →

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 →

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 →

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 →