Home › Forums › Income Lab › SPX 21 APR Iron Condor (486) › Reply To: SPX 21 APR Iron Condor (486)
March 1, 2017 at 4:23 pm
#7701
Steven Place
Keymaster
Hi Bob.
Today was a “trend up” day, meaning the market didn’t pull back today.
Now your question is should you enter now at a higher price or wait…
The best answer here is to go with a different strike.
Remember, we buy the 9 delta option and cut our NET delta in half.
So from where I sit, a new hedge *right now* would be to pick up the 2500 call.