Home › Forums › Income Lab › SPX 7 APR Iron Condor (483) › Reply To: SPX 7 APR Iron Condor (483)
March 13, 2017 at 3:01 pm
#7746
IncomeLab (Old)
Participant
We’re going to reduce upside risk by removing 1/2 of NET delta of this position. Our current NET delta is around -60
P/L
We’re going to BUY TO OPEN (3)THREE of 21APR 2450 (10 delta) calls. This will reduce our NET delta from -60 to about -30
P/L after adjustment
IncomeLab Order Ticket | ||||
Type | Asset | Duration | Strike | C/P |
---|---|---|---|---|
BTO | SPX | 21 APR 17 | 2450 | Call |
Total Debit: | $2.70 |