Home › Forums › Income Lab › SPX 7 APR Iron Condor (483) › Reply To: SPX 7 APR Iron Condor (483)
February 14, 2017 at 3:35 pm
#7641
IncomeLab (Old)
Participant
Our short Call delta reached 20 and it’s time to make an adjustment. We’re going to cut our NET delta of this position by 50%-60%. Our current NET delta is -46. We’re going to BUY TO OPEN three 7APR 2430 calls (9 delta each) this will bring our NET from -46 to -19.
P/L before adjustment
P/L after adjustment
IncomeLab Order Ticket | ||||
Type | Asset | Duration | Strike | C/P |
---|---|---|---|---|
BTO | SPX | 7 APR 17 | 2430 | Call |
Total Debit: | $3.20 |