Ok. Now i’m gonna refer to this trade, which is the spx condor for april.
I have got out of the put side at .10 cents, i had orders out and to be honest i don’t think was a bad move. I could have made another 5 cents, but trying to push for that was i think a useless effort.
Now i have only the call side, and this is the situation:
Max delta is 27 delta. I feel like i’m exposed to upside risk, with a 27 delta at BE point.
I could do several things:
1) add a 1975-1965 spread here cutting 10 delta, and add a may call of another 10 delta to get almost neutral
2) only add a 15 may delta call
3) wait.
Beside the technicality of the choice tied to how you wanna manage an income trade, I feel the urge of selling puts here. And i don’t know if it’s a good idea, or an idea tied to my current emotions – cause right now i also have the bias of this thread, so I really don’t know the reason behind my idea, if I’m really thinking about it and i’m rationalizing my emotions or not -.