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Stocks & Commodities V. 44:07 (28–31): The Two-Step Adjusting Iron by John A. Sarkett

Stocks & Commodities V. 44:07 (28–31): The Two-Step Adjusting Iron by John A. Sarkett

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The Two-Step Adjusting Iron by John A. Sarkett

For advanced option traders, here’s a look at a sophisticated technique for adjusting a short iron condor option position.

One of the more popular “delta neutral” option trading strategies is the short iron condor: a short put vertical plus short call vertical. It generates a credit. The closer the short strikes to the market, the bigger the credit; the farther, the smaller ...
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