Adjusting options is always a complicated process because there are a lot of different adjustments that can be made. We will go through setting up a plan and several adjustment options that we can run for a failing Iron Condor. We first need to know when we are going to adjust a position. One of the rules we follow is the "one-third rule". For an Iron Condor we want to set a max loss that is half of the overall credit. We are not interested in losing more than that. Our first adjustment will happen when we are down one-third of the max loss. The next adjustment will occur when we are down two-thirds of the max loss. When we are down the entire max loss of the position simply close the position, take the loss, and live to trade another day.
發表於 2020-11-21 08:24:39
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發表於 2020-11-21 21:22:06