One could have executed the same thing with a lot less slippage. It is crucial to control the Deltas while condorizing, otherwise a small market movement can simply wipe away a lot of profits.
Monday, November 16, 2009
11/13 NDX Iron Butterfly
I have condorized the trade by rolling the Calls further out of the money. I was very careless with execution and that costed me a few percentage points of profit.
One could have executed the same thing with a lot less slippage. It is crucial to control the Deltas while condorizing, otherwise a small market movement can simply wipe away a lot of profits.
One could have executed the same thing with a lot less slippage. It is crucial to control the Deltas while condorizing, otherwise a small market movement can simply wipe away a lot of profits.
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