Real-time options education and strategies
Paul gave me these screenshots and asked me to finish the analysis. Here goes: Just before noon on Friday, Paul bought the 24SEPT 4425/4400/4375/4350 put condor in $SPX. He paid $3.00. The Put Condor has an especially effective risk profile. The position carried just -2.67 deltas, and had a $300 max loss and a $2,200 … Read more
The Condor is one of the most powerful option strategies for generating a very favorable reward/risk ratio. It can offer generous amounts of long (positive) Theta as well as short (negative) Vega. Being short Vega tends to reward a position where the underlying instrument’s price grinds higher. That is why I often utilize an out-of-the-money … Read more