RE: SPX MAY 1830/1820/2140/2150 Iron Condor
Nishant,
It looks like mid prices are really pricing in a 3-day W/E, but if you can close for 1.40 debit (assuming your entry was 1.80 credit) that’ll be a 20% of credit received in less than 1 week. It doesn’t mean that you HAVE TO go and close it, but this trade is way ahead of ‘normal’ decay of IC premiums. I have a cheatsheet that shows decay of premium for short strangles over different time frames: https://docs.google.com/spreadsheets/d/1gGyg_JuCF94Bmo7O8nGsxsUzPEUw3PT2Tjj1i4leQZQ/edit#gid=0
This is just a guide, if IC is showing 20% of max profit in 10 days or less that means this trade can be exited and re-entered to maximize return on risk. Hope this helps.