Im curious as to what you mean as well as why.
If you care to share with all of us?
Ross
"Only like short premium positions where my theta is greater than my short gamma."
"Email me and I'll tell you why."
"Good luck"
--- In OptionClub@yahoogro
>
> I adjust Iron Condor in this way:
> when the stock hits the short strike I am hadding long ATM for another 2
> month.
>
> When it happen my Iron condor now he's Iron condor plus.
>
> I am looking from my long to cover my original risk +the risk of the long
> +% gain.
>
> Did it in the past and it is working.
>
> Keep simple.
>
> Nava Elgar
>
>
> www.GoBulls.
>
> ------------
>
> From: "cguy444" <carmelo5791@
> Sent: Friday, May 29, 2009 6:09 AM
> To: OptionClub@yahoogro
> Subject: [TheOptionClub.
>
> Does anyone here use delta as one way of determining when to exit or adjust
> an Iron Condor position?
>
> I recently watched a CBOE webinar by Dan Sheridan where the topic was
> adjusting condors. He said when the delta reaches a certain point think
> "Danger Will Robinson" :-). He didn't get into too many specifics so I
> thought I'd ask the group.
>
> Thanks,
>
> Carmelo
>
------------
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