After closing the January position, I opened a new one for the February expiration cycle. It is a regular Iron Condor placed at 12300-11900 on the put side and 13600-14000 on the call side.
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| DAX 30 on December 28th 2017. Source Investing |
Thursday, 28 December 2017
New position: ODAX February 2018 Iron Condor
Summary
After closing the January position, I opened a new one for the February expiration cycle. It is a regular Iron Condor placed at 12300-11900 on the put side and 13600-14000 on the call side.
I am also reusing the remaining debit call spread placed on 13400-13450 which is a remnant of last month´s position.
After closing the January position, I opened a new one for the February expiration cycle. It is a regular Iron Condor placed at 12300-11900 on the put side and 13600-14000 on the call side.
Closed: ODAX January 2018 Iron Condor
Summary
After closing the put leg some days ago, today I was able to close the remaining call spread locking around 73% of the premium received.
I decided not to wait until expiration in order to open a new Iron Condor in February, while reusing the February 13400/13450 debit spread as hedge. Having the two call spreads open at the same time seemed too much risk for me.
After closing the put leg some days ago, today I was able to close the remaining call spread locking around 73% of the premium received.
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| DAX 30 on Dec 28th 2017. Source Investing.com |
Thursday, 14 December 2017
ODAX January 2018 Iron Condor Update: Closed Put Spread
Summary
After 15 days out of 52, without any movement in the DAX index and today´s significant drop in IV, I managed to close the Put leg of the Iron Condor for about 60% of the maximum profit.
I am being quite conservative here, as the put leg was the more vulnerable in this trade, as in case of a drop I would not have any hedge to finance a possible adjustment (unlike the call leg with the February Bull Call Spread) while I still would incur in the loss of the hedging trade.
After 15 days out of 52, without any movement in the DAX index and today´s significant drop in IV, I managed to close the Put leg of the Iron Condor for about 60% of the maximum profit.
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| DAX 30 on December 14th 2017. Source Investing |
I am being quite conservative here, as the put leg was the more vulnerable in this trade, as in case of a drop I would not have any hedge to finance a possible adjustment (unlike the call leg with the February Bull Call Spread) while I still would incur in the loss of the hedging trade.
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