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Reply To: SPX 3 FEB Iron Condor PLUS (475)

Home › Forums › Income Lab › SPX 3 FEB Iron Condor PLUS (475) › Reply To: SPX 3 FEB Iron Condor PLUS (475)

December 20, 2016 at 10:33 am #7299
IncomeLab (Old)
Participant

It’s not that volatility is too low. Looking at regular IC with short strikes around 10 delta we’re getting MAX credit around 1.50 So I’m looking at a set up that’s still NET short delta and if IV will increase (with market pulling back) IC PLUS should be profitable. Also, IC PLUS takes in more credit on the call side vs the put side, so if the market is going to pull back then the premium of those calls will come out fast and that should give us a chance to take profits fast. Hope this clears it up a bit.

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