Garrett1410
15 posts
msg #98380
- Ignore Garrett1410 |
1/3/2011 1:35:18 PM
i would google dan sherida iron condors...butterflies...managing positions
Pitt
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bkhurana43
103 posts
msg #98381
- Ignore bkhurana43 |
1/3/2011 2:05:48 PM
Pitt
Thanks again
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mahkoh
1,065 posts
msg #98383
- Ignore mahkoh
modified |
1/3/2011 3:08:26 PM
Pitt, I wonder what you mean with 8-10 delta? Is it 0.08 to 0.10 delta value in IB columns?
I have been trading condors for a while but found that you if have some winners you only need one loser to get back to zero.
Oh and one point for IB: You can withdraw funds once a month without being charged a fee.
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Garrett1410
15 posts
msg #98637
- Ignore Garrett1410 |
1/18/2011 2:46:40 PM
Sorry, I have been away from the forum for a while. Yes, they are .08....10 Deltas. Here is what I have done so far in oil this month
CL FEB11 100 C 195.37 0.00 0.00 0.00 195.37 0.00 0.00 0.00 195.37
CL FEB11 101 C 170.74 0.00 0.00 0.00 170.74 0.00 0.00 0.00 170.74
CL FEB11 78 P 235.37 0.00 0.00 0.00 235.37 0.00 0.00 0.00 235.37
CL FEB11 80 P 110.74 0.00 0.00 0.00 110.74 0.00 0.00 0.00 110.74
CL MAR11 102 C 0.00 0.00 0.00 0.00 0.00 0.00 -204.64 -204.64 -204.64
CL MAR11 75 P 0.00 0.00 0.00 0.00 0.00 355.36 0.00 355.36 355.36
The last two are still active. I am also using corn...ZC and having success at it.
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Garrett1410
15 posts
msg #98638
- Ignore Garrett1410 |
1/18/2011 2:54:27 PM
Also: how far out are your condors??? One thing I do is to stay away from Rut....it's crazy. I use IWM instead for three reasons. you have 1.00 increments so you can move up or down easily to adjust. The spreads are tight. and lastly I thind the market makers are aware of Rut being so popular. The prices don't seem to flow as they should. Hope this helps
Pitt
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