Selling Weekly iron condors

Discussion in 'Options' started by Vaydee, Mar 7, 2011.

  1. jb514

    jb514

    I'm assuming you mean the other way around.
    I've had a lot of good luck with opening condors thursday morning when the weeklys open and then closing them later the next day.
     
    #11     May 27, 2011
  2. I've been using this strategy with paper-trading and it's been fairly successful. I usually sell way out of the money and wait until Tuesday to minimize the risk.
     
    #12     May 27, 2011
  3. Vaydee

    Vaydee

    Yes I agree.. end of week or even just put an OTM spread on Friday of expiration. This seems to work for me.
     
    #13     May 27, 2011