I've heard others talk about adjusting when one of the sides reaches 20-25 delta on the short option. This is assuming a 8-10 delta when the position is opened.
On Fri, May 29, 2009 at 10:17 AM, cguy444 <carmelo5791@aol.com > wrote:
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
__._,_.___
The goal of TheOptionClub is to provide a forum for members to work together for the purpose of furthering our individual understanding option trading. All messages and postings, and any materials circulated are provided for discussion and educational purposes only. No statement contained in any materials from TheOptionClub should be considered a recommendation to buy or sell a security or to provide investment, legal or tax advice. All investors are encouraged to consult a qualified professional before trading in any security. Stock and option trading involves risk and is not suitable for most people. There is no guarantee that any information provided is accurate and, may in fact, be wrong. It is understood that the participants in TheOptionClub have varying backgrounds and degrees of experience in option trading, and that regardless of experience each member is considered a student. As such, any information distributed through TheOptionClub should be considered with a critical mind and not relied upon as an authoritative source.
To unsubscribe from TheOptionClub, send an email to:
OptionClub-unsubscribe@yahoogroups.com
To unsubscribe from TheOptionClub, send an email to:
OptionClub-unsubscribe@yahoogroups.com
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch format to Traditional
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe
.
__,_._,___
No comments:
Post a Comment