I'm guessing he entered the trade 1 month ago when EWZ was about $37.00 - in the middle of all those strikes.
Didn't think that. Good point. Since he didn't post the trade date and only posted the screenshot from August 28, I assumed he opened the iron condor trades on that date when the underlying was already trading at < 33 thinking that's the lowest it would go and would bounce back soon and make his short puts OTM.
Question bepitt: Do you know how to use the Analyze tab in TOS to help with your review of your position?
no, i really don't. at this time, i would love to know how, even after a year with options, and many years of trading many things, i am still drinking out of the firehose of info. if you could help in any way, many thanks!
Accuracy of this statement notwithstanding, long-delta condors are pretty interesting positions...and an ok way to pick up the "everything is fine" boring moves up. On a similar vein, I use long theta, short delta straddles as a directional hedge sometimes. Edit: and for the OP, the fact that it wasn't clear you opened this a month ago should probably tell you something about the thread's expectations for your position.