CHRISTMAS PROMOTION
LTOptions at a 33% discount during the Year End Holidays.
Tell me More

Thursday, June 22, 2017

August 2017 SPX Unbalanced Iron Condor

Trade Details:

20 SPX 2270/2260 Credit Put spreads  0.55 Credit ($1100)
5   SPX 2520/2530 Credit Call spreads 0.80 Credit ($400)

Net Credit: $1,500
Days to Expiration: 57
I decided to go with a 4:1 ratio of Puts to Calls instead of my usual 2:1. This is because there is a July SPX Unbalanced Iron Condor whose Call side has taken some heat and I want to avoid having to adjust the Call side of both at the same time. By playing 4:1 ratio, I will be able to delay Call side adjustment on this new August position up to SPX 2,515. All in exchange for less overall credit in dollar terms than usual.

Profit picture:
(Click on image to enlarge)


An SPX Chart for future reference and self-study:
(Click on image to enlarge)



For details about the management of Unbalanced Elephant positions consider an LTOptions.com membership, where there is also material that discusses how to put this type of position in small accounts too.

Check out 2017 Track Record


Go to the bottom of this page in order to see the Legal Stuff

No comments:

Post a Comment