alternative to iron condor??

hello, just wanted to get some opinions to this sort of trade as an alternative to a standard iron condor. thanks

dave

hopefully the pictures shows


anyways, here is the trade on SPX for MAY (mid 9.05 credit)

PUTS
+4 1225
-13 1200
+9 1175

CALLS
-5 1400
+7 1425

 

Thanks to brownsfan019 I learned how to post pictures:

Go to http://tinypic.com/
Upload your picture
Copy the code under "IMG Code for Forums & Message Boards" Paste the IMG code into your message.

 

thanks jkgraham!

lets try again...........
http://tinypic.com/r/bgsolz/7

 

For some reason I'm getting a loss of -900 in the middle. I must have different prices for some of the options.
All of these would have to entered as single orders so getting completely filled may be an issue.

 

oh well, the prices are fluctuating as i look at them also, jkgraham. and i didn't set the 'prob date' to may.

but in general, this appears to be a bit safer than a standard iron condor set up with just looking at the trade as a whole. there is the benefit of having a couple of extra long calls and a put debit spread that could be sold at some point.