One possibility is to add a calendar to the trade, it obviously increases the capital allocation, but it might be worth if it allows me some breathing room to save the position (See possible profile bellow).
Monday, June 1, 2009
06/01 MDY 30-Day Condor
I hedged the position using debit spreads because there were no long contracts available to cut small deltas. It was very inneffective and as a result it hit max loss. I couldn't get out with no fills on the PUT side, so I hedged once again and will re-evaluate it Tomorrow.
One possibility is to add a calendar to the trade, it obviously increases the capital allocation, but it might be worth if it allows me some breathing room to save the position (See possible profile bellow).
One possibility is to add a calendar to the trade, it obviously increases the capital allocation, but it might be worth if it allows me some breathing room to save the position (See possible profile bellow).
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