Your punctuation sucked in that post of yours so it's hard to figure out what you want. Read the book "Eats, Shoots & Leaves" for more info: http://en.wikipedia.org/wiki/Eats_shoots_and_leaves ------------------ forex-forex Grammar educator
Oh, so you are a grammar educator too now? That book itself contains several punctuation errors... "an Englishwoman lecturing Americans on semicolons is a little like an American lecturing the French on sauces. Some of Truss's departures from punctuation norms are just British laxness." he he
My ideal exit is when 3-4 weeks remain. However, the high residual premium often temps me to stay with the trades longer. But, I carry many different iron condors simultaneously and base the close/hold decision of the overall risk of my portfolio. I always close the winning side when the price gets low enough - perhaps 20 to 25 cents. I allow someone else to collect those final few nickels. The one rule that I do not violate is to never be exposed to a surprise opening on Friday morning. Thus I exit all positions no later that Thursday of expiration week. I trade only European style index options, and settlement prices are determined as of the market open on Friday. That works for me. I have no idea if anyone else would be comfortable trading that way. Mark