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Posts Tagged With 'iron condor'

Posted by Martin July 18, 2017

Amazon (AMZN) earnings play #2

In February 2017 I have opened a second earnings play to my previous earnings trade which I haven’t reported here in my blog. The trade also didn’t work as planned so I rolled it into January 2018 hoping the stock would stay within the boundaries of my Iron Condor. It didn’t.   ORIGINAL TRADE: February Continue reading →

Posted by Martin July 12, 2017

New STX Jul28 Iron Condor (ROTH IRA)

UPDATE: July 12, 2017   Great! I just found that STX will be reporting on July 25th instead of August 2nd as was indicated in my broker’s platform. So, now this trade is a total different story as I will now be holding through earnings and I could get busted should the stock move violently Continue reading →

Posted by Martin June 26, 2017

STX Aug18 Iron Condor (ROTH IRA)

Our original STX Iron Condor closed today morning for a full profit of $40 dollars. Since the trade is closed, we can now open a new one.   I am placing a new Iron Condor in our ROTH IRA account:   BTO 1 STX Aug18 49.00 call STO 1 STX Aug18 47.00 call STO 1 Continue reading →

Posted by Martin June 26, 2017

New Iron Condor with STX in ROTH IRA

UPDATE: June 26, 2017 (TRADE CLOSED)   Today morning, our STX (Seagate Technology) June 30th 40.00 put strike closed for 0.04 debit. This closes our original Iron Condor completely and we can open a new trade (our calls closed at the beginning of the month for 0.02 debit so we only had puts on).   Continue reading →

Posted by Martin June 14, 2017

New Iron Condor using TECK in ROTH IRA

UPDATE: June 14, 2017   We rolled our June 30th 17 strike into November 17, 2017 expiration and 17 strike. We also added new call side creating a new Iron Condor:   BTC 1 TECK Jun30 17.00 put STC 1 TECK Jun30 15.00 put STO 1 TECK Nov17 17.00 put BTO 1 TECK Nov17 15.00 Continue reading →

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 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 →