The Complete Beginner's Guide to Rolling Iron Condors

[@optionswithdavis]

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[@creativepropertygroup]

Awesome, thank you very much Davis. Great video.

[@optionswithdavis]

You're welcome 👍

[@ryanh4571]

I like your video and graphics to explain the concepts! I disagree about always having to roll for a credit, I have rolled for a debit many times and effectively the future point spread is larger than I started so once the market corrects, that extra spread differential gets realized. I also just converted my active IC, where the CCS got passed severely, into an iron butterfly. Still waiting on this one to play out!

[@optionswithdavis]

👍

[@dragonskullzy]

Hey Davis, great video. Informative as always! Not specific to this video, but I think it wld be great to share some of the links to the research on things like the statistics. 🎉 looking forward to your next vid

[@optionswithdavis]

👍

[@enricosaccheggiani3192]

Great video . I think that the best way is always at 21 day to expiration roll out to the next month and move the position out and down/up to where is the price gone , to add more credit , month by month. There is no warrnanty that this will lead to a small gain and to reduce the loss but increases the probability of success. For example if you do this with MSFT if will be a disaster, MSFT continues to go up. After 2/3/4 months there will be a great chance that the price will be between the strikes, however

[@optionswithdavis]

👍

[@badger25]

Thanks and keep on putting out great videos. Do you have a discord group?

[@optionswithdavis]

Not at the moment but appreciate the support 👍

[@TBradFashionModel]

Oh, plese discuss the butterfly that you mentioned in this IronCondor video....

[@optionswithdavis]

Will do so in a future video 👍

[@enricosaccheggiani3192]

Great video Thanks .

[@optionswithdavis]

👍

[@okeuwechue9238]

Good info 👍

[@optionswithdavis]

👍

[@okeuwechue9238]

How would you handle a scenario where the underlying is moving directionally and suddenly you notice that the strikes for your untested legs have disappeared from the options chain? How do you close and roll those positions? (If left Open, they are consuming precious margin)

[@chimchu3232]

You just need to expand the chain. Some brokerage only show the closest 10 or 20 strikes to the money, you should be able to change the settings so it shows all of them. I don't even go to the chain to close a position, I just find it in my positions and close it

[@youssefyacoub7568]

Davis, since we are in a bull market, should we shift most of our strategies to be bullish? Also, I tried some bull put spreads but I’m not able to meet all ur criteria… since we are way above any previous lows and most stochastics are overbought … what should we do here?

[@optionswithdavis]

There's always opportunities to trade bullish, bearish and neutral strategies in all market conditions. Just have to patient for the opportunity to present itself.

[@youssefyacoub7568]

@@optionswithdavis thank you Davis for your response

[@youssefyacoub7568]

Can u make a video about trading earnings?

[@coconuttcp2574]

Hi Davis With my premium received reduced by half or more closer to 2/3😅, I’m trying out another strategy selling only ATM put and call AKA straddle when ever a market moves at every level strike price (ladder trading)! And using buying and selling the underlining to control positions size, using only weekly options, what do you think, can it make money?

[@coconuttcp2574]

DTE will be between 5-9 days weekly options, if stock at say $30, I’ll put on a straddle, when it move to $31, again another straddle and so on…. Important is the selling and buying the underlining to reduce exposure.

[@optionswithdavis]

Never tried before so can't comment.

[@coconuttcp2574]

Thanks for your honest answer. I had this idea long before but didn’t implement it cause it time consuming whereas the current system I only busy once a week. The pros is that I can deploy more capital to work.

[@clivedenpress690]

do you usually do your iron condors with 30dte? is that more than enough? and what is your view on doing weekly iron condors for option income/premium?

[@chimchu3232]

He recommends 45dte and closing early at 21 dte if in profit, or rolling or closing the position if losing after 21 dte. Personally I like the 7dtes, you just have to manage them more closely

[@Baudelio513]

I sell iron condors weekly on ETFs mainly IWM, QQQ and SPY. If price it’s in the money is there a high chance of assignment as with a single stock?

[@optionswithdavis]

It depends on how much extrinsic value is left. The lesser the extrinsic value, the higher the chance of early assignment.

[@Baudelio513]

@@optionswithdavis thank you 👍🏻

[@ryanh4571]

You should look at SPX instead of SPY

[@imageshackyyz4245]

In scenarios 5 & 6, what if I transform my normal iron condor to a JADE iron condor? Namely, I roll the untested short strike in. Is there any gotcha? Yeah, of course, my profit zone is greatly shrinked.

[@ryanh4571]

Rolling for a credit put me in a bad spot after several cycles. Would not use that as primary objective. Rather, focus on your strategy and manage that trade in isolation.