Blog dedicated to ETF and Index option trading strategies using credit spread and money management.
Wednesday, June 3, 2009
06/03 MDY 30-Day Condor Pre-game
I considered adding a calendar to the position, but comparing the before and after, I realized I'm adding a lot of risk for a bit of Theta.. So I'm not sure it is worth it. There is simply not much time left on JUN expiration to make a calendar work.
So far, nothing to be done with the trade except take it off the table. I might exit it Today.
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ps: Thanks to my Lawyer friend and avid reader Chad for the disclaimer!
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