On Tue, 27 Oct 2009 17:17:23 -0700, Murthy N <optionsmaya@
wrote:
>In general, did he go over WHEN to do these adjustments?
>
>Murthy
>
My recollection was that he said he was just discussing iron condors
and in that mode you do it as a wing is threatened and if you can get
a good price for the adjustment. Details are promised for a DVD which
Options Club members can buy at a discount.
>On Tue, Oct 27, 2009 at 4:20 PM, Ricky Jimenez <rickyjim@bestweb.
>
>> The first type of adjustment he presented was the familiar widening of
>> a condor by adding a butterfly at the wing. Sorry, but I wasn't
>> paying close attention when he presented the second adjustment. Can
>> anybody supply what it was? I remember that it had positive delta but
>> would be a loss at the wing if held to expiration, so if the
>> underlying kept going higher you could close the entire position or
>> just the call side for a profit.
>>
>>
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