09-26-2019, 11:17 PM
(09-26-2019, 10:10 PM)NilesMike Wrote: I don't know if the group thinks this is a conservative option trade or not. Let me know.I know you have been doing this awhile. What is your preferred method to remain conservative? Are you wagering the SPX stays in a reasonably tight range in the near term, or trying to play the likely bounce off over sold or over bought conditions?
It's been a staple income generator. SPX Iron Condor. 12 Delta, 25 wide wings. 66DTE. Exit is down 200% of credit received OR 50% of credit received OR 33 DTE. Whichever comes first