You’ll see what is the right way of rolling and adjusting your option trade when it comes to trading an iron condor.
Also, I’ll explain the entire process of rolling and adjusting on the chart.
#tradingoptions #ironcondor #adjustingironcondor #adjustingironcondor #ironcondorstrategy
Posted at: https://tradersfly.com/blog/trading-options-rolling-adjusting-an-iron-condor-explained
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I feel I’m doing something wrong with my iron condors. I’ve been at a small yet consistent loss since I started trading them (about a month). I try to choose them so that the probability of success (according to ToS) is around 80%. It just seems that every time I trade an iron condor, that particular stock jumps up or gets sold off. Happened with Tesla (jumped up a few hours after I placed the trade because of the new truck announcement) and again with Netflix (has rallied almost 20 points in the last 5 or so trading days). I don’t plan on giving up but I am almost scared on what to choose because I keep getting muscled out of my position by big price moves. Maybe I need to cast a wider profit zone to increase my probability of success…?
when you close the tested side, you are confirming a loss, instead of giving the trade a chance to come back in the profit zone, inversion only happens when you bring short put higher than the short call
OMG this couldnt come at a perfect time, I am in between closing for a loss smaller than max loss, or rolling to next month, not sure what to do, cause next month I could end up closing for max loss, I might not always be able to roll for a credit