Defined risk strategies

Discussion in 'Options' started by taojaxx, Jul 20, 2025 at 11:47 PM.

  1. taojaxx

    taojaxx

    New to option selling, loving the cash flow but wary of gaping markets so I always buy protection: For those of you doing repeated iron condors/butterflies or credit spreads on the same stock or index, is it worth having the long legs on far out expiration dates (like 6 month or so) and the bodies on weekly/monthly or 45 DTE or do you have the whole combos on the same expiration date, then rinse and repeat? Transaction costs would favor longer dated protection but commissions are not that high, while positive Treasury Bill curve would favor shorter protection so I'm not sure.
     
    Last edited: Jul 21, 2025 at 12:04 AM