Anyone? What is the best adjustment method for verticals?
I've checked the files and it lists 20 different methods.
--- In OptionClub@yahoogroups.com, "metagunny" <justin@...> wrote:
>
> Let's say you do an iron condor. Or, really just one of the vertical spread trades so you are either bearish or bullish.
>
> The SPX hits your short strike.
>
> How would you adjust the trade?
>
>
> I know there are a lot of options, convert it to a butterfly, roll up, etc, but what is the best strategy?
>
> If it's not static, i.e., you should always do this adjustment, what are the variables to look at to determine which adjustment method to use?
>
> To see a screenshot of my realized gain\loss (real money) screenshot for March so far from TD Ameritrade go here:
>
> http://www.freeimagehosting.net/image.php?a73c20084c.jpg
>
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