but, i am not sure if you are being sarcastic with your first sentence hahaha. if you are well, then screw you. but if not, well then you'll have to disregard the screw you part. lol.
how much does your credit spread lose on a 5% selloff/rally where don't have time to react? That should be your guage. Best way if your broker doesn't provide the information is to do it in excel. Simple european blackscholes would be sufficient to get an idea.
i do not trade iron condors/credit spreads. i'm not sure where that came from and how you would read that i do?? i think they are too risky!
Gotta pay cash for a gun. Hopefully can get a positive return on that. Furtunately the gun is reusable and bullets are cheap
buy back ratios. you can get the vega as flat as possible or + and get the gamma + from the start and yes, prices move so move with them.
hey newwruldman, you're getting to fancy for me. please! send me a pm with your email and i'll send you a picture from tos. don't worry i have nothing to sell.
I think you'll have some sick image in your heads of an Iron Condor with a black Scholes that looks like a short strangle. It's not a no brainier trade. It's fine if you have the experience and manage it responsibly.