Iron Condor Adjustments: How and When

[Guest]

By Mark D Wolfinger

 

Let’s begin with a basic fact: There are many methods for adjusting a position so that risk is reduced. Some are inexpensive, others cost more than most traders are willing to spend. Some are effective most of the time, but the protection offered is minimal. Others are so effective (alas, that happens rarely) that the gains an be spectacular. [Think of owning an extra put or two before the market opens down 20% one fine day]

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[Guest]

This article seems to argue against our adjustments?

[Humble]

No, because the example that Mark gives refers to buying calls at the same expiration as the original trade and holding till expiration. We usually don't do that.

[Guest]

OK, thanks