Agreed re. McMillan's book - Chapter 5 on systems and strategies (especially the intermarket spreads) is full of great insight. He's overdue...
Agreed re. commissions. Take the example of a small retail trader selling monthly IC's on the SPY: he sells a 2-point IC (135/133 P, 145/147...
Sounds like you're definitely doing your homework. It's reassuring to learn that your backtesting confirms what many Iron Condor traders have...
Thanks for the context. When deciding whether to sell an iron condor, there are a wide range of possible factors that traders assess. Looking...
DBH21, can you provide some more details on what you are looking to do? You mentioned back testing iron condors in an earlier post - are you...
Caveman is correct - your risk/reward ratio won't be favorable. I highly suggest paper trading this strategy before you commit real capital....
Aside from finding a favorable implied vol to historical vol ratio for options selling, keep an eye on your theta decay - options with a 25 delta...
McMillan on Options - provides some great trading examples based on various market conditions that involve both buying and selling options. Highly...
When you sell (to open) an Iron Condor, your max profit is the initial credit that you receive. Your max loss is the width of the spreads, minus...
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