Re: [ConservativeOptionStrategies] Re: Iron Condors - Conservative Strategy?

 

I'm new to the group and would like to understand reverse IC's?  I currently do CS's (credit spreads) and IC's on indexes like RUT, NDX. ... etc.  Would you please explain reverse IC's?

Thank you,

Dave

Sent from my iPhone

On Feb 27, 2010, at 12:56 PM, Ricky Jimenez <rickyjim@bestweb.net> wrote:

 

I have been posting recently in the Options Club, Yahoo group, with
headings containing "Reverse Iron Condor" or "Reverse IC". If you
say that puting on an IC, is buying, then putting on a reverse IC is
selling that possition. I think that results so far show that one
more likely to make money if you bet than an IC will lose money. Last
month I paper traded reverse ICs in GOOG, APPL, IBM, RIMM and IWM and
alll were profitable, averaging 22.32% profit over the original debit,
even though no modifications were made while holding the positions.

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