2year condor

Discussion in 'Options' started by criveratrading, Dec 30, 2007.

  1. bought a 104.75/105.25/105.75/106.25 call condor in Mar 2 yrs. Paid 11/64.

    Any opinions, trade management, risk management observations?

    My thesis is that two's stay relatively well bid up here but unlikely to breakout to new highs. I expect 25 bps only of cuts thru March, with econ numbers on the soft side for Q108.

    Position is delta neutral, and I'm only unhappy about bid ask spread with bidside being 6/64.

    Appreciate all views and discussion
  2. jtnet


    no one cares
  3. What he meant to say was that you should expect some volatility build-up as the non-farm payroll report approaches and then volatilty collapse after the report comes out.