CRM – 9/28/18 – Iron Condor I have always struggling trading CRM, not sure why I keep trying. The return here looked pretty good, I guess that is one reason I keep trying to trade it. On 9/28 I entered into a 11/16 Iron Condor selling the $175 Call and purchasing the $180 Call. I […]
Category: Condors
TLT 9/25/18 Broken Wing Iron Condor
TLT – 09/25/18 – Broken Wing Iron Condor I got on a little bit of a habit of placing these Broken Wing Iron Condors during this time period. Great if you are expecting the market to move a certain direction, but don’t over do them. If the market suddenly changes on you and you are […]
XOP 9/24/18 Broken Wing Iron Condor
XOP – 9/24/18 – Broken Wing Iron Condor XOP was trading at $43.22 and I thought a move down or a sideways move was the most likely outcome over the next month or so. I entered this trade with no downside risk and an upside break even of $45.57. When I entered this one Implied […]
What is the Difference Between Buying and Selling an Iron Condor?
What is the Difference Between Buying and Selling an Iron Condor? Risk, reward and probability of success. Like most things in life the more risk you take the higher your potential reward but the lower chance of success. This is buying an Iron Condor On the other hand, if you take less risk your reward […]
MU – 10/18/18 – Look Back Trade
On 10/18 we entered into a Broken Wing Iron Condor trade on MU. Because of the design of the trade we ended up with no risk to the upside and a pretty good maximum profit range. We used the 41/37 Puts and the 42/23 Calls to build our Broken Wing Iron Condor for about a […]
September SPX Condor
We tried to get into a SPX Condor on 7/31/18 but only got our PUT side filled. Which is fine. We ended up selling the 2620 (9/21/18) put and buying the 2595 (9/21/18) put. It was a 25 point spread about 52 days left. We were able to get a $1.25 credit on the spread […]
Iron Condor Update
The Iron Condor is one of my favorite strategies. If you do know what an Iron Condor is, Click Here. If you do then you know the power of the Iron Condor trade. I rarely hold my Condor’s until expiration, my goal is to take advantage of time decay and close the position as early […]
RUT Look Back Trade
RUT 6/10/2016 On 6/10 the market had made a pretty good move down after an uptrend. I still believed that the market was in an uptrend and wanted to take advantage of the pull back to ‘leg’ into an Iron Condor. Legging in means that you place one side of the trade without initially placing […]
SPX Iron Condor Look Back Trade
SPX – 4/24/17 Saw an opportunity on the Put side for a possible condor. I was able to get my Puts filled on 4/24, so I entered an order in on the Call side. I was fine with just a Put spread if I could not get a Condor going. This is a common way […]
GLD Iron Condor Look Back Trade
GLD – 8/25/16 Decided to enter a GLD Iron Condor. I normally do not like trading condor’s on anything but the indexes and maybe SPY, DIA or QQQ. However I decided to try my hand at a GLD trade. Overall the trade was successful with a respectable return for a 30 day trade, but I […]
