IWO Trading Floor

Become a Great Options Trader

TLT – Sep Iron Condor

Home › Forums › Member Trades › TLT – Sep Iron Condor

Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • July 30, 2015 at 4:27 pm #4068
    Ken
    Participant

    Posting this Sep TLT 108/113/128/133 for comments. Planning to update progress/outcome on this trade, but would welcome and appreciate any comments.

    tlt

    • This topic was modified 10 years, 10 months ago by Ken.
    • This topic was modified 10 years, 10 months ago by Steven Place. Reason: changed image tags
    • This topic was modified 10 years, 10 months ago by Steven Place.
    August 13, 2015 at 12:02 pm #4139
    Steven Place
    Keymaster

    How’s your upside risk doing on this trade?

    August 14, 2015 at 2:08 pm #4157
    Ken
    Participant

    My call spread short strike is getting squeezed and I’ve looked at rolling it up to 130. I was planning to close this IC Tuesday August 18, which is 30days before expiry. Entering the trade, I thought risk would be to the downside.

    August 29, 2015 at 5:08 pm #4237
    Ken
    Participant

    Overall, this was a mildly successful trade.

    Pros: I accomplished my goal of constructing and executing a “first time” D-I-Y Iron Condor following completion of the IC course.

    Cons: Premiums on the 14 delta strikes weren’t great, so instrument selection could have been better. Also, round-trip commissions on 10 contracts ate into profit.

    As an aside, current price on TLT remains inside the short strikes increasing the probability that both spreads may expire worthless, which would have reduced trade cost.

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • You must be logged in to reply to this topic.