Hey guys,
I sold some iron condors when VIX was low. But because market has been falling, VIX has shot up and because of that option prices have gone up.
Prices are still well between strikes I sold but still my positions are not registering any profit as options prices are up.
But on expiration, options are going to expire regardless of what VIX is. So if I hold on to my positions and price does not cross my short strikes, I will still make money.
But does this make you uncomfortable with your positions as your positions are losing money every day because VIX is going up ? Or am I missing something. This is the first time I am trying iron condors.
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