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Jonathan WardParticipant
Thanks for the response, Igor.
How far OTM – just enough to match the negative delta?
Jonathan WardParticipantIgor,
Just a general question: when you buy calls to adjust for negative delta, do you use the same expiration as the Iron Condor?Or can you go into the nearer term to save on premium?
Jonathan WardParticipantIgor, what was your net profit (loss) on this IC?
Jonathan WardParticipantI guess you are using ATM options – there was a difference between the table you created and the graphic. Plus the IV is low for AMZN right now.
Jonathan WardParticipantSteve,
Why wouldn’t you just with ATM options? The price is actually very close to being the same, and you don’t know which way it’s going to go. Are you anticipating a pull back after the jump higher?
Thanks.
Jonathan WardParticipantAre you still in this one, Steve?
Jonathan WardParticipantDecided to enter this trade:
2 CELG 100 Calls @ 5.15, instead of what is now far OTM at 110.
Jonathan WardParticipantIgor,
Thank you for the very insightful response. Best wishes in the future.
-Jon
Jonathan WardParticipantIgor,
I guess I don’t see why this trade wasn’t going to work. Was RUT so close to the low end of the IC with one month left that you decided not to push your luck in case the bottom fell out even more?
Also, what went wrong from an execution standpoint? What could/should you have done differently?
Дякую.
-Jon
Jonathan WardParticipantQuestion I’ve been wondering about: won’t commissions have a major impact on your potential profits for a trade like this with so many adjustments?
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