Glad this helps. I use alerts to notify me to 'when' adjust my Iron Condors as well as credit spreads. [MEDIA]
Setting alerts doenst solve the 'stop loss' issue, but it does allow you to walk away from having to sit there and watch price all day
If you're using TOS, you can set alerts to notify you when certain condition is met. It could be MID price of the options you're trading or price...
With iron condors, max loss occurs when underlying expires outside of both long and short strike of either spread. If you sold an IC for $1 and...
If you bought 100 shares of stock at $50 and put up 100% or $5K for it and then sold a call against it for $1 with 30 days to expiry, your...
You can hedge SPX put with SPX calls according to their deltas
If you're buying ITM options then YES there's intrinsic value so it has a portion of underlying, but if you're buying an OTM option that has...
The way I set a stop loss is simple. First you need to determine how much are you willing to lose. After you figure that number out look at the...
Separate names with a comma.