IWM Iron Condor 183/212

26. Jan. 2022

Video says it all, two part trade which started as a put credit spread. Added call side for some P/L offset if we continue to move downwards.

31. Jan. 2022

Anmerkung

With todays action, I am finding it hard to determine whether we are going to make a sustained move up or not. My put spread is in the green 25% and the call side of this condor was in the green but declining all day. Took it off for a small 2% gain this afternoon.

The plan going forward will be to capitalize on an up move, and if we move back downwards I will re add the call spread to help balance out the trade. That is what I love about combining spreads to make ICs. It is like lego that you can snap on and snap off when you want or dont want it.

1. Feb. 2022

Anmerkung

Glad I closed out the call side yesterday. Today the puts hit 50% today and I closed for a 0.27 debit.