Closed: ODAX February 2018 Iron Condor

Summary

Bad timing again. A few days after opening the position a sudden rise in the index made me adjust the trade on the call side when it reached 30 delta. As there still were six weeks to go before expiration, I also closed the put spread as it had already reached 70% of the maximum possible profit.

DAX 30 on Jan 8th 2018. Source Investing

I did not want to roll the call spread higher with the current low volatility, as the 16 delta is merely 200 points above the current level. The same happens on the put side.