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And in the end the Iron Condor just says - as long as price stays between my levels, profitable trade. If it reaches or approaches either level, you may need to do something as the trade did not work as planned.
Is that the idea and the rest is simply the mechanics?
If so, I could outline some possible S/R areas and you could illustrate how an iron condor would work? |
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And yes, exactly. That's one of my main beef's with people who are obsessed with greeks. Bottom line is that at expiration, price needs to be at a certain point and you make money. Sometimes people get real wrapped up in it all, and I know it's important to take into consideration for complex strategies, but things I do aren't complex.
Sure, outline some S/R areas and I can show you how it'd work.