tommyw-5088

I have been off today ,so i spent 10 hours looking for the proper hedge for the Iron condor SPY trade .

I wanted a delta netural spread on both trades .Could not get the 20 delta on the short options on vix .

Here is the trade(s) All are Jan -11 exp. All in a virtural account on CBOE site .

condor on VIX -short 16 put/long 15 put
short 22.50 call/long 24 call

condor on SPY short 118 put / long 117 put
short 128 call /long 129 call.

The idea is to be hedged ,so the options can expire .

There is a good webinar on the CBOE website on thrading the weekleys , look under Dan sheridan .

I would have posted a link ,but could not get it to work .

Thanks guys ,


Tommy

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