Get your copy of Paul Forchione's book, "Trading Iron Condors". Learn techniques from a professional options trader to manage risk while speculating on futures markets.
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Volatility
Options fall into the category of being slightly undervalued in non-volatile markets in the weekly options report.Notes:
Contract Size - $50 x S&P 500 Index.
Tick Size: Outright: 0.25 index points=$12.50
Trading Hours: CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. Eastern Time (ET) with trading halt 4:15 p.m. - 4:30 p.m.
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E-Mini S&P
Below are charts for reference.
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Strategies
Below is a broken wing iron condor which falls in line with Paul's weekly report based on looking at implied in relation to statistical volatility levels. The spread can be adjusted as the market reaches extremes. (Mar-24)
Below is adding a bull call spread to above to adjust position to the upside (Apr-02)
Net adjustment in shifting iron condor back to delta neutral (Apr-02)