Put Spread Strategy for Dynamic Spreads | Testing Iron Condors

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[@aaryanlakhiani3243]

What is the approach to trade management at 21 DTE?

[@mikeb5664]

You either close it or roll it forward. And not 21 DTE exactly. Around 21 DTE, after that the risk ain't worth holding. You are looking to get about 50% of the initial credit. When that happens, you close it.

[@morganstuartmcrae]

The title says iron condor. You started talking about iron condors. Then all the slides were about put spreads. Was this option jive about iron condors or put spreads?

[@rodrigoromero8321]

An IC is composed of 2 spreads. One on each side.
They were talking about wing widths, which is the essence of an IC. Everything makes perfect sense

[@watchthizvidz5985]

Lol . Ic is combo of call and put spreads. Bruh… dont trade

[@dduhnut]

So what was the average gain? It is implied that the average gain was higher for the dynamic spreads since overall ROC was higher despite larger losses. Were the premiums higher?

[@SmithnWesson]

Where was the 45%?
Is that on a single trade?
Is that on your entire account over the course of a year?

[@shawnclark732]

Over a year if you’re lucky. But no. They didn’t address that.

[@SmithnWesson]

@@shawnclark732
I think they mean 45% of the value at risk, averaged over many trades, over time.
The problem is, your margin requirements, will be a lot larger than your value at risk.
Value at risk essentially encompasses the 95 percentile of outcomes.
They should have been clear about it.
If they use clickbait with 45%, they should at least explain what they're talking about.

[@mikeb5664]

45% (average is 44.75%) is the annual ROC. Shown on slide #4. And no, it's not your entire account. It's the just trade strategy..