Interesting how this position is still not at a profit, the IV just isn't going down as fast as I would expect it to. Next trip down to 130 should show a profit though.
Are you trading it also? I Think im only gonna see the money at expiration on this one the IV is to high right now and if the if the IV goes down it probably means the dow is gonna slowly but surely bust right through my short call. I entered a vertical on the SPY also in case the markets rally to the upside.
you need IV to drop and more time decay so with 3+weeks to go, it is going to take more time to see any positive profit.
Yes....I entered it after I read your post, just before the market closed. I did only 1 contract with the plan of doing 10 contracts based on the outcome of this live test. So far I don't like the outcome, 1 week of exposure and still at a loss even after what I would consider a good week. DIA Iron Condor - PnL minus 13.65 as of November 29
PnL is minus $13.65 at this point, almost the same since it was opened. Not worth 1 week of risk in my opinion, maybe a 3 week DIA Iron Condor would be better than 4 weeks.
You must let go of the trade, for only then will you have control. Have patience, Grasshopper. The market is not a puzzle, only something that you do not yet understand.