With a week to go in our short Iron Condor position, the market has been cooperating as price has stayed in between both the strike prices and both purple curved lines. While as of late trading Friday afternoon...
With volatility surging after yesterday’s selloff and today’s collapse in the rebound, ZEGA’s traders were able to find a short-put spread trade to join the party.
Today ZEGA’s traders were able to identify a short call trade above the market that met the strict entry requirement. With the S&P 500 trading around 3100 at the time of entry, the 3400/3450 strike prices were used. This puts the short strike roughly...
As we head into the long Memorial Day weekend, our primary HiPOS conservative position is ticking down towards expiration day. With the market holiday Monday, after today we are looking at only 4 trading days remaining for this iteration of the strategy.
This Friday marks expiration day for what turned out to be a short iron condor position in our primary HiPOS Conservative strategy. As a reminder, a short call spread was initially established. Then, when the markets...
We exited the iron condor today around 10am ET after the market gapped open up nearly 6%. Without going through blow-by-blow of the trading day (and what a crazy day it was), we closed the position at about a net...