Iron Condors: Options Strategy Management
ฝัง
- เผยแพร่เมื่อ 6 ก.ค. 2024
- Subscribe to our Second Channel: @tastylivetrending
Check out more options and trading videos at www.tastylive.com!
======== tastylive.com ========
tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we’ll help you take your trading to the next level, whether you are new to trading or a seasoned veteran.
Follow us on Twitter: tastyliveshow
Check out our Instagram: tastyliveshow
tastylive content is created, produced, and provided solely by tastylive, Inc. (“tastylive”) and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure(www.theocc.com/company-inform...) and the Futures and Exchange Traded Options Risk Disclosure Statement(assets.tastyworks.com/product....
Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims (including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request.
tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.
tastytrade, Inc. (“tastytrade”) has entered into a Marketing Agreement with tastylive whereby tastytrade pays compensation to tastylive to recommend tastytrade’s brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of tastylive by tastytrade. tastytrade and tastylive are separate, but affiliated, entities with their own products and services. tastylive is the direct parent company of tastytrade.
Out of all the iron condor management videos i've ever watched, this is is the best one. Actionable advice in the shortest amount of time.
This was the exact strategy I was looking at last night on another channel, but I love the way tastytrade explains strategies best!
But if you take profit at 50%, is it possible to gain money in the long run? Example: Iron Condor 3$ wide. Credit received 1$. Closing trade with profit of 50$. This means that, to make money in a 3$ iron condor, you must WIN more than 83% of the time. And, if the broker is not commission free, considering a commission of 5$ the win rate has to be > 85% (85% only to break even!) How is possibile to make money with these numbers? There is a lot of math and logic explained in Tastytrade but I never found an answer to this simple math. Can you? Thanks so much and have a nice day.
Excellent Dr Jim !
This is really helpful thank you.
Thanks, Concise easy to follow advise.
Thanks 4 the info Jim! ✌️
Keep this up crazy market is expensive
Fantastic insight Jim, thank you!
Audio quality is less than ideal, next time, try to turn your microphone more towards you.
Do these management strategies work well when laddering options? I feel committing too much time on one trade wouldn't be ideal if you're to put on a volume of positions..
if the underlying is between my long strikes and iv rank goes down isnt that a good thing?
Thanks, Jim. FYI, u may want to adjust the mic.
Enjoy videos. Saw you have phd from Memphis! Go tigers.
Great Video! 👍 At 5:08, When you said "Using the IVR", did you mean the difference between the IVs of the shorted and long strikes, or
the short strikes' IVR alone ? For instance, for SPX, the IVR is usually low 20s, and the difference between the strikes appear to be stable。。。 what IVR should be checked as the criteria for keeping or closing an IR? 4080, 4090, 4120, 4130 for SPX as an example?
Should the IVR of 4120 and 4090 be focused on, or the difference of IVs between 4120 and 4130 be focused on ? Thanks!
nobody knows bro, it's all a mystery
He's refering to the Implied Volatility Rank (IVR), which is a measure given on the Tastyworks platform ;-)
I think he means the IVR for that underlying.
cant find Butterfly's would be a great to see a vid.on Butterflys
I like the new intro video
When managing a 'tested' side, doesn't it make sense to roll that tested side and widen the profit region? Granted that will cost you money but it will widen the profit region as well.
When you roll tested side you lock up the loss on that side. Always roll with additional credit thus you should roll untested side only (or roll tested side out to get extra credit).
Can somebody link a video explaining an Iron condor?
Can you go into extra details for shorts strangles
th-cam.com/video/bRnh1phWaDk/w-d-xo.html here is his short strangle video
Hard to find a non directional trade and good volatility to make the premiums worth while.
You can also convert it into a Iron Fly
Why close it when you have made 50% of the value? That part seems arbitrary. What’s the math behind that showing why it’s the right choice? Thanks
That's intuitive. Why wait and take the risk of losing it all when, at this point, you've already earned 50% of everything you stand to win AND you can now reallocate your money to another trade and have a chance to earn more? Just take what you can and minimize your risks.
Here's the math
th-cam.com/video/IrM1V2qMJgA/w-d-xo.html
Why would you close it at 50%? if you it may stay OTM just curious
Taking your profits early increases your win rate and reduces the chance that the stock could end up moving against your position. Especially if you make 50% on the trade early, is it really worth holding on to it all the way until expiration (which may be weeks away) just to potentially squeeze out a few more bucks in profit? In my opinion, I don't think it's worth the risk.
Heres why... th-cam.com/video/IrM1V2qMJgA/w-d-xo.html
Why would you roll the untested side when it is making you money - surely you would want to roll the losing side?
You can't always roll the losing side for a credit with iron condors. If the losing side is in the money, then you would be required to pay a debit in order to roll...which is something you should not do in my opinion.
So 1/3 of spread distance + 1/3 of spread distance means you are looking for 2/3 of the max distance to be collected.
as much as i like this guy and his presentation I am missing concrete examples of what he is talking about. like in this video....with wide iron condors and you roll up the untested side.... you roll the whole tamale or just the short option or what?
At 3:00 when he says roll the untested side he then says (seconds later) to roll the untested put or call spread. The spread indicates both short and long.
You are rolling the spread
Wow, Jim isn't completely horrible when he's limited to six or so minutes. He should exclusively do short-form content, because when does anything longer he never gets to the point.
BS
indeed really shitty explanation
I will not save this video, this is a really bad video