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IRON CONDOR – TRADE EXAMPLES
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DISCLAIMER Any information contained in this presentation is for educational purposes only. Neither IQ Financial Services, LLC or Gavin McMaster are licensed financial advisors, registered investment advisors, or registered broker dealers. Neither do they provide investment advice, financial advice or make investment recommendations and they are not in the business of transacting trades. Nothing in this communication constitutes a solicitation, recommendation, promotion, endorsement or offer to buy or sell by IQ Financial Services, LLC or Gavin McMaster of any particular security, transaction or investment. Any trades and / or results covered in this presentation may or may not be live trades. All trades and trading results are believed to be accurately presented. However, since the trades may not have been executed in the market, the results may have been under or over compensated for the impact, if any, of certain market factors such as liquidity, slippage and commissions. Therefore there can be no guarantee of accuracy or completeness. No representation is being made that any portfolio will, or is likely to achieve profits or losses similar to those shown. The risk of loss in trading securities and options in particular can be substantial. Customers must consider all relevant risk factors, including their own personal financial circumstances, before making any financial transaction. Options involve risk and are not suitable for all investors. See the Options Disclosure Document: Characteristics and Risks of Standardized Options, available from © Copyright Options Trading IQ. All Rights reserved.
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RUT 49 DAY UNBALANCED CONDOR
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JAN 30TH UPDATE - RUT AT 1352 © Copyright Options Trading IQ. All Rights reserved. © Copyright Options Trading IQ. All Rights reserved. 4
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JAN 30TH UPDATE - RUT AT 1352 © Copyright Options Trading IQ. All Rights reserved. © Copyright Options Trading IQ. All Rights reserved. 5
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FEB 6TH UPDATE - RUT AT 1377 © Copyright Options Trading IQ. All Rights reserved. © Copyright Options Trading IQ. All Rights reserved. 6
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FEB 6TH UPDATE - RUT AT 1377 © Copyright Options Trading IQ. All Rights reserved. © Copyright Options Trading IQ. All Rights reserved. 7
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FEB 14TH UPDATE - RUT AT 1396 © Copyright Options Trading IQ. All Rights reserved. © Copyright Options Trading IQ. All Rights reserved. 8
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FEB 14TH UPDATE - RUT AT 1396 © Copyright Options Trading IQ. All Rights reserved. © Copyright Options Trading IQ. All Rights reserved. 9
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© Copyright 2017. Options Trading IQ. All Rights reserved.
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FEB 22nd UPDATE - RUT AT 1403 © Copyright Options Trading IQ. All Rights reserved. © Copyright Options Trading IQ. All Rights reserved. 11
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FEB 22nd UPDATE - RUT AT 1403 © Copyright Options Trading IQ. All Rights reserved. © Copyright Options Trading IQ. All Rights reserved. 12
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FEB 24th UPDATE - RUT AT 1394 © Copyright Options Trading IQ. All Rights reserved. © Copyright Options Trading IQ. All Rights reserved. 13
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FEB 24th UPDATE - RUT AT 1394 © Copyright Options Trading IQ. All Rights reserved. © Copyright Options Trading IQ. All Rights reserved. 14
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MAR 2nd CLOSE OUT - RUT AT 1402 © Copyright Options Trading IQ. All Rights reserved. © Copyright Options Trading IQ. All Rights reserved. 15
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RUT 78 DAY UNBALANCED CONDOR
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Apr 25th ADJUSTMENT - RUT AT 1411
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May 2nd CLOSE - RUT AT 1399 21 © Copyright Options Trading IQ. All Rights reserved. 21
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RUT 78 DAY UNBALANCED CONDOR
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Apr 25th ADJUSTMENT - RUT AT 1411
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June 15th CLOSE - RUT AT 1411 28 © Copyright Options Trading IQ. All Rights reserved. 28
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RUT 59 DAY UNBALANCED CONDOR
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RUT 59 DAY UNBALANCED CONDOR
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JUNE 12TH - RUT AT © Copyright Options Trading IQ. All Rights reserved. © Copyright Options Trading IQ. All Rights reserved. 32
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JUNE 12TH - RUT AT © Copyright Options Trading IQ. All Rights reserved. © Copyright Options Trading IQ. All Rights reserved. 33
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JUNE 12TH - RUT AT © Copyright Options Trading IQ. All Rights reserved. © Copyright Options Trading IQ. All Rights reserved. 34
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JUNE 28th - RUT AT 1425 © Copyright Options Trading IQ. All Rights reserved. © Copyright Options Trading IQ. All Rights reserved. 35
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WHAT CAN GO WRONG? Obviously, a big move in the underlying instrument is not what we want. This can be especially painful if it occurs early in the trade. Let’s look at 3 different RUT Condors that were entered on March 20th. The next day, RUT dropped 2.18% 37 © Copyright Options Trading IQ. All Rights reserved. 37
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WHAT CAN GO WRONG? 1. Monthly Condor: Delta of -16
2. Weekly Condor: Delta of -12 3. 90 Day Condor: Delta of -10 38 © Copyright Options Trading IQ. All Rights reserved. 38
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WHAT CAN GO WRONG? 1. Monthly Condor: -$550 2. Weekly Condor: -$2,150
3. 90 Day Condor: +$100 39 © Copyright Options Trading IQ. All Rights reserved. 39
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THANK YOU! www.optionstradingiq.com
© Copyright Options Trading IQ. All Rights reserved.
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