Zero-Risk Options Adjustment: Convert Your Iron Condor in 5 Steps

[@pragmatica1032]

Thanks Steve for putting all these videos! Always useful!

[@OptionStrat]

Glad you like them!

[@gregorashf]

Thank you! It looks like a magic!

[@OptionStrat]

Thanks so much

[@MonikaJohnson-v8g]

that explanation was very useful since I struggles with this

[@OptionStrat]

Glad it helped!

[@RMammana]

Fantastic, as always!

[@OptionStrat]

Thank you! Cheers!

[@dek2000utube]

Thanks Steve

[@OptionStrat]

thank you.

[@davidloop5437]

Great tutorial. Thanks !

[@OptionStrat]

Glad you enjoyed it!

[@rick.b.9380]

super ...thanks

[@OptionStrat]

Welcome 😊

[@financialfreedom2505]

Thank you, Steve! You're always awesome, great, and spot on! I’d love to see OptionStrat add a "roll" feature and show annualized returns of the open position. Quick question: In your opinion, what trades qualify as “No Loss Trades” after adjustments? Is this feasible for all Iron Condors or Iron Butterflies?

[@OptionStrat]

to be clear, NO TRADE can start off as a no risk of loss trade, but almost ANY options trade that goes in your favor can be turned in to one over some time or some favorable movement of the stock.

[@vitalip1955]

Super!!!!!

[@OptionStrat]

Thank you! Cheers!

[@DescubreConYunis]

Does this work when the position are at risks or only when is making profit?

[@loody777able]

Absolutely to take profit.... no any strategy in the world have zero risk

[@OptionStrat]

These adjustments are also things you can do if the position is down as well and it will bring extra premium into the trade helping to reduce loss in many cases.

[@duytrancali6471]

Hi Steve, What is the orignal DTE set on that pairs of Iron Condor initially? Was is 60days DTE? Thanks (How did you pick the strike? was it like 30 delta on the short leg?)

[@OptionStrat]

All DTE's on this trade are the same, and the strikes were picked largely from technical analysis and where I feel the stock would NOT be going.

[@duytrancali6471]

@@OptionStrat Thank you Steve. At the beginning when you first setup/entry the Iron Condor, how many days out (DTE) do you use?

[@TRS867]

could you do a video where an iron condor has one of the legs is in a loss ie the put credit spread side is in a losing position, what would be the best strategy to minimise most of the loss with only a few days till expiry.

[@OptionStrat]

The best strategy there usually is to roll your short calls down to your short put strike creating a butterfly. This will add upside risk though, so you need to be aware of that.