Hi Seth, given SPX is currently at 4739.21, would you implement this strategy and sell the Iron Condor now - say calls 5240/5290 and puts 4240/4190 for the end of this year?
Looking good chief, actually for me this is a good time to deploy when previous high of the 80 day cycle, after starting a new 80 day cycle, like it has this time... Good for weekly IC lol. Always learning but not the exact situation hahaha
Something is not correct (ref time marker 5:40). In either side the spread is 50 wide, giving a max loss of $5000. By selling the spread there is a credit of $8400. Looks like $3400 free money to me!
This is a clickbait bad example. Why short 10 SPX options ($900k margin req. yeah right) with short duration in a low IV environment and ATM and after a rally? Why not sell less contracts (or XSP, 1/10 the size of SPX, or MES for better BPR using SPAN margin), at a further strike, slightly longer expiration after a sell off.
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Thank you Profesor! Great explanation
I am new to trading options what is a good percentage to take my profits?
Hi, does the timeframe have to be 5 months or you are aiming for 10 Delta? Thanks.
Hi Seth, given SPX is currently at 4739.21, would you implement this strategy and sell the Iron Condor now - say calls 5240/5290 and puts 4240/4190 for the end of this year?
Looking good chief, actually for me this is a good time to deploy when previous high of the 80 day cycle, after starting a new 80 day cycle, like it has this time... Good for weekly IC lol. Always learning but not the exact situation hahaha
Something is not correct (ref time marker 5:40). In either side the spread is 50 wide, giving a max loss of $5000. By selling the spread there is a credit of $8400. Looks like $3400 free money to me!
This is a clickbait bad example.
Why short 10 SPX options ($900k margin req. yeah right) with short duration in a low IV environment and ATM and after a rally?
Why not sell less contracts (or XSP, 1/10 the size of SPX, or MES for better BPR using SPAN margin), at a further strike, slightly longer expiration after a sell off.
What platform can I trade bitcoin options? No stocks are volatile enough for my strategy
can I intern for you this summer?
Thank you 🙏
Only true if market stays in your range. Usually works BUT not always
So you risk $41,000 (worst case he said) to make $8,500? Isn't that risky?
That's the downside of selling a spread. You give up a low return for a high probability.
well well at one time the spx was at 4100 and if u had a expiration shorter then 6 months all your money is gone
First like!
Just beat me haha
almost had it
and if it comes close to any of the edges you can roll over easily?