Video Re-Play of Dr. Summa’s Presentation
Christopher Smith, B.B.A., J.D.
I hope you were able to attend yesterday’s live presentation with Dr. Summa. Iron Condors are notorious for devastating a trader’s account when the market changes direction or starts moving unrelentingly.
What Dr. Summa did for us yesterday is introduce the concept of dynamic delta hedging. This all goes back to [...]
Iron Condor Trade Closed in the Trading Room
Today I had a closing order fill on an iron condor position I had been trading in the exemplar account I have opened for members of the Trading Room. That position was opened on December 30, 2009, and closed today on January 13, 2010. The trade was open for 15 calendar days.
The graphic above is [...]
Adjusting An Iron Condor To Survive
[ January 13, 2010; 12:00 pm; ] I love trading iron condors! High volatility. Low volatility. Consolidating markets. Trending markets. The iron condor is one of my staple trades.
It was not always that way though…
When I first began trading options several years back, these trades made me nervous. I would lay in bed at 4:00 a.m., staring at the ceiling, just thinking [...]