ODAX November 2017 Iron Condor adjustment (II)

Summary

DAX keeps climbing and the volatility is reaching year lows, so I bought a Dec 13600 Call option as a small hedge for further climbs. Also, if the market conditions are the proper ones, it will form the long leg of a possible December 13200-13600 call spread.

DAX on September 19th. Source Investing

By definition, there is very little chance for this option to gain value, but the low IV made it relatively cheap to buy and the November Iron Condor is being threatened on the call side.