06/09 MDY 30-Day condor

The lack of upper CALL strikes on MDY has been a problem on this trade since a while back. Back when MDY fired up, I wanted to hedge the position but couldn't because there was no contract available to fine-tune the delta.

Today, the same thing is still happening. MDY hit my up-side alert and I had to cut a bit more delta than I wanted. The up-side is at risk and I may bail out of the position if we continue pass 111. Otherwise, it will bring in profits by Monday of expiration week.

So far, it is flat again, but Theta is not where it should be this late in the game.