There seems to be a certain delta symmetry to the short premiums to your iron flys as in (Abs delta short call plus abs delta short put equals 1.00). Of course, the net delta varies in the short option part of your IC, but I was wondering what your thought process was behind structuring your iron condors this way.
AMZN Apr17 2025/2100/2250 231 Iron Fly from 69.50 risk (80.50 credit) I bought 5 shares of stock per fly from 2130. I have 2 flies, so long 10 shares. I will probably play this one pretty tight. I think the trade has decent edge, but I am not that comfortable being short AMZN. Famous last words...
Good stuff. I like getting short vol after the rip, and since AMZN should probably slow down as it reaches ATH. Went with an IC. Miss chatting with you Doobs!