IYR – 09/24/18 – Broken Wing Condor I decided to place a Broken Wing Condor in IYR after a move down with no risk to the upside. I felt it had its run down and now was due for a rebound. Turns out I was wrong, that is the problem with trying to pick a […]

  PBR – 09/20/18 – Iron Condor On 9/20 we decided to place an Iron Condor in PBR with its Implied Volatility at 63.04. Our initial trade probability was 75.67% which was better than normal for these types of trades, so we figured what could go wrong? With PBR at $11.29 we sold the 11/2/18 […]

  SPX – 9/17/18 – Iron Condor This was one of my most difficult trades of the year. It was an SPX Iron Condor which I have pretty strict rules for trading but it was moving up and then down so fast that I struggled to trade my rules. On 9/17 with SPX trading at […]

EEM – 9/14/18 – Broken Wind Iron Condor On 9/14 EEM was trading at $41.99 and I decided to take a trade with no downside risk because if a Diagonal trade I had that was showing a loss. This was a hedge trade to protect my Diagonal to the downside. I purchased the 10/26 $42 […]

  V – 9/13/18 – Broken Wind Iron Condor This was part of a series of trades I did in V working different strategies to take advantage of V’s run up to highs and pull back. I felt there was more downward pressure and it would be difficult for V to break to new highs […]

INTC – 9/11/18 – Broken Wing Iron Condor Entered this trade on 9/11 with no upside risk thinking there would be more chance of a move up after a hard move down. Implied Volatility was 46 and I was showing a 64.20% probability of success. This was a counter trend or contrarian bet that INTC […]

AMAT – 9/10/18 – Broken Wing Iron Condor On 9/10 AMAT had moved down to what I really felt would be a good support area so I decided to enter a Broken Wing Iron Condor figuring this trade would head back up. Because I entered this trade at about a $1.43 credit, since my Calls […]

DIA – 9/4/18 – Iron Condor I started this trade with DIA trading at 259.18 and it did not go as smoothly as some of my others. On 10/3 I was considering rolling this trade out another month or closing for a small profit. In the end I decided to hold and let the probabilities […]

EWZ – 9/04/18 – Broken Wind Iron Condor I took this trade out the same day I did the EWZ trade above. I traded it as a comparison to different strategies and risk/reward expectations. Both trades were profitable (this time) I typically don’t trade the same security with two different strategies at the same time […]