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How To Adjust The Iron Condor PDF
How To Adjust The Iron Condor PDF
How To Adjust The Iron Condor PDF
KerryW.Given,Ph.D.(Dr.Duke) ParkwoodCapital,LLC
2011ParkwoodCapital,LLC.AllRightsReserved.
2011ParkwoodCapital,LLC.AllRightsReserved.
Agenda
BuildingtheIronCondorSpread PuttheProbabiliAesOnYourSide TheProtEngineoftheIronCondor RiskManagementfortheIronCondorSpread BacktesAngtheAdjustments DevelopingaTradingPlan
2011ParkwoodCapital,LLC.AllRightsReserved.
2011ParkwoodCapital,LLC.AllRightsReserved.
2011ParkwoodCapital,LLC.AllRightsReserved.
Asiso?enthecaseinopAonstrading,thereisntabeststrategy.EachvariaAonhasitstradeos. Findwhatsuitsyourstyle,risktolerance,andAmeavailabletomanagetheposiAon.
2010ParkwoodCapital,LLC.AllRightsReserved.
2010ParkwoodCapital,LLC.AllRightsReserved.
2010ParkwoodCapital,LLC.AllRightsReserved.
StandardDeviaAon()
2011ParkwoodCapital,LLC.AllRightsReserved.
TimeValue($)
60
45
30
15
DaystoExpiraAon
2010ParkwoodCapital,LLC.AllRightsReserved.
11
2011ParkwoodCapital,LLC.AllRightsReserved.
WatchthedeltaoftheshortopAon;whenitreaches35,Ishouldbeoutofthetrade.
2011ParkwoodCapital,LLC.AllRightsReserved.
2011ParkwoodCapital,LLC.AllRightsReserved.
TheClosingSpreadsAdjustment:
TheBuyBackAdjustment:
TheLongHedgeAdjustment:
2011ParkwoodCapital,LLC.AllRightsReserved.
Thekeytosuccessintradingtheironcondorismanagingyourrisk. Ifyouarecarefultominimizeyourlosses,yourgainswillcome.
2011ParkwoodCapital,LLC.AllRightsReserved.
WatchtheraAoofthetatodelta.RaAos>2:1aregood(thehigher,thebefer). Whenthetheta/deltaraAoisapproximately1:1,thisisdangerousground.Mayhavetocloseorrollspreadssoon.
2011ParkwoodCapital,LLC.AllRightsReserved.
2011ParkwoodCapital,LLC.AllRightsReserved.
2011ParkwoodCapital,LLC.AllRightsReserved.
2011ParkwoodCapital,LLC.AllRightsReserved.
AlloftheseadjustmentsaccomplishthekeyobjecAve:minimizethelossesinthebad monthssoyoucanbeprotableinthelongterm.
2011ParkwoodCapital,LLC.AllRightsReserved.
2011ParkwoodCapital,LLC.AllRightsReserved.
Summary
Theironcondor: IsanexcellentincomegeneraAngtradingstrategy Doesntrequireyoutopredictwherethemarketisgoing Butriskmanagementiscrucialforlongtermsuccess
2011ParkwoodCapital,LLC.AllRightsReserved.
SpecialforwebinaraTendees:sendmeanemailandmenAonthiswebinartogeta free30daytrialofDr.DukesTradingGroupand/orFlyingWithTheCondor
Formoreinforma=on:www.ParkwoodCapitalLLC.com Email:DrDukeOp=ons@gmail.com
2011ParkwoodCapital,LLC.AllRightsReserved.
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