Earnings season is here. Our iron condor is still open.
Theta is really biting into the spread, as there are only 9 days left until expiration. But, just a little more upside and I'll be forced to close the call side for a loss.
It's all a very interesting waiting game!
Obviously, I'd like to see the market soften up and trade lower. It's been meandering, which is fine but some selling would certainly be a welcome relief for our iron condor spread.
Win or lose, once it is closed, it will be time to tally the score card and look for the next one.
Christopher Smith
TheOptionClub.com
Discover the stock options strategies favored by professional traders in our FREE options trading mini-course!
Subscribe To
Posts
Comments
Subscribe to:
Post Comments (Atom)
1 comment:
Hi Chris,
At what point in SPX, are you looking to close your call side of iron condor?
Thanks,
HJ
Post a Comment