Reply To: SPX 7 APR Iron Condor (483)

[IncomeLab (Old)]

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

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