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sjoptions (November 30, 1999 at 12:00 am)
Just visit 10 percent a month dot com and look at their performance page. You will see how traditional Iron Condors for them lost 91% in 3 months (March, April, May 2010). This is the point I am making here. This strategy will work for a while, but it struggles long term because sooner or later, you'll give it all back to the market. The only way to have long-term success is to adjust the trades before they ever get placed. Trying to adjust a Condor after a debacle hits will not work.
sjoptions (November 30, 1999 at 12:00 am)
I responded with another video that you can see with this title: Iron Condor Discussion about Risk. Thank you for your comment.
FgamOptions (November 30, 1999 at 12:00 am)
Some of your conclusions about volatility and normal distributions are simply wrong. I'm not surprised that you think "these are trades that worked 20 years ago, but don't work today." When entered at the appropriate times, under the appropriate conditions, condors are wonderful trades. Just be carful not to enter them when volatility is expected to rise while you are in the trade. Enter condors when volatility "peaks", and manage your gamma exposure carefully. |
