Iron Condor

Posted on May 18, 2010, 10:56 pm, by Iron Condor, under Butterfly Spread, Credit Spread, Iron Condor.

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Iron Condor Course - Learn How To Adjust
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We’ve pretty much tied off our current butterfly position with the 2 adjustments shown in the graph below while the market continues to whip around here with fairly big moves. This current position with adjustments will hold up well regardless what the market throws at us over the next week or so - while at the same time still allowing us to make some profit between now and then.

: Adjustment To Position During Whippy Volatile Action

Plan to include a video clip here shortly showing a bit of trouble we ran into while initially moving into this adjustment. Usually the bid / ask prices on the RUT are filled quickly and easily right at the mid point - however for some period of time there after the ‘flash crash’ it was unusually difficult to get fills on these types of adjustment spreads on the RUT - and we were forced to move to a plan B to adjust our iron condor / butterfly positions instead of being able to hedge the way we normally do.

Iron Condor Course - Learn How To Adjust
>>> CLICK HERE <<<

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