Thanks Igor, but I do have a question. Is there any other way to reduce/increase Delta then to buy OTM calls or puts? I like selling 7 10 and 15 delta not buying them. Can we buy ITM call spreads to increase Delta? I feel like I am throwing money away by buying OTM calls/puts.
Maybe other members have other ideas. I know you put a lot of research into coming up with your blueprint of adjustments and I am new to Iron condor game. But I do plenty of credit spreads and sell plenty of low Delta options to the dreamers. It’s just hard for me to buy them.
I bought back the whole Iron Condor this morning @ $1.50 my GTC order for the 1st 10 days to make my 20% gain from my execution sell of $1.90 credit on May 28th. I thought I read that somewhere on the website, so I guess I will look to set up another IC with same delta strikes as the other one.