iron condor

Discussion in 'Options' started by osho67, Jan 19, 2012.

  1. newwurldmn

    newwurldmn

    He's pretty clear about what's he's doing. You can easily model it yourself in Excel. After all, you do put the ELITE in EliteTrader.
     
    #101     Feb 1, 2012
  2. taowave

    taowave

    Iron condors can be looked at as a bunch of butterflys on top of one another.
    Just understand verticals,and everything else will fall into place..

    Just for shits and giggles take 3 butterflys and net the strikes out.

    1st butterfly 35,40,45 call fly
    2nd butterfly 40,45,50 call fly
    3rd butterfly 45,50,55 call fly

    What do you end up with??










     
    #102     Feb 1, 2012

  3. OK ..... I will give this one a try. You would start with an Iron Butt Plug, but to pack all 9 strikes in you would need a very wide butt hole and the only ET member who has such a wide butt hole is atticus. So you would end up with an:

    Atticus Iron Butt Plug
     
    #103     Feb 2, 2012
  4. taowave

    taowave

    Lol....I am not going there..


     
    #104     Feb 2, 2012