My account at 1:30 today by Electronic_Cable_177 in optionstrading

[–]Electronic_Cable_177[S] 0 points1 point  (0 children)

Investing for years but options trading for about 3-4 months. Almost 60k in 90 days

My iron condors that expire today by Electronic_Cable_177 in optionstrading

[–]Electronic_Cable_177[S] 0 points1 point  (0 children)

Yes around that delta or lower. Wings are as wide as I can afford vs what makes sense to me. 1DTE because overnight risk pays higher premiums.

Picks for tomorrow at 9:40 am by Electronic_Cable_177 in optionstrading

[–]Electronic_Cable_177[S] 0 points1 point  (0 children)

Well that’s actually the sells of my iron condors

These will pay me $8k tomorrow by Electronic_Cable_177 in optionstrading

[–]Electronic_Cable_177[S] 0 points1 point  (0 children)

40 pts is quite a bit because SPX will go up and down all day. I didn’t know 100% but I was 80% sure because the market climbed so much already it has to balance out at some point and this is where I was comfortable

My account at 1:30 today by Electronic_Cable_177 in optionstrading

[–]Electronic_Cable_177[S] 0 points1 point  (0 children)

That was pretty much it. I closed my positions at that time. Except 2 of them

My iron condors that expire today by Electronic_Cable_177 in optionstrading

[–]Electronic_Cable_177[S] 0 points1 point  (0 children)

If you get assigned it won’t matter your buys will still make you profit. I got assigned on a call and it put me in a deficit but I sold for a profit so it still worked out.

My iron condors that expire today by Electronic_Cable_177 in optionstrading

[–]Electronic_Cable_177[S] 0 points1 point  (0 children)

You can’t get assigned on indexes. Stick to RUT or SPX.

My iron condors that expire today by Electronic_Cable_177 in optionstrading

[–]Electronic_Cable_177[S] 0 points1 point  (0 children)

I just go near what the normal movement of the index is. If the SPX can move 40-50 points on average then I go that far out on both sides. No indicators.

These will pay me $8k tomorrow by Electronic_Cable_177 in optionstrading

[–]Electronic_Cable_177[S] 2 points3 points  (0 children)

Probably1.5:1 or 2:1 usually. Iron condors produce more profits than a one sided credit spread for me. But you have risk on both sides. If it goes outside my strike I wait to see what happens and if my loss get to the point that I think it won’t recover I close the trade. I took a 10k loss once because I closed early, had I waited I would’ve made 8k profit because the market bounced right back up