Iron Condor on SPX

getthatintoya · Jun 13, 2025 at 1:44 AM

SpandexMan said:
A straddle is obviously a different trade, but similar concepts though Greeks respond differently.
I think the guys over at tastytrade were advocating with a straddle at least, to open your position at about 45 DTE and manage at 21 DTE to reduce tail risk. Manage would be to roll (strike and expiration) for more credit, or simply close.
I haven’t set up Iron condors yet, but plan to do so soon. Let us know how you go.
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Straddles would require a far less contract exposure compared to the IC. Obv straddles aren't defined risk.

SpandexMan · Jun 13, 2025 at 4:48 AM

getthatintoya said:
Straddles would require a far less contract exposure compared to the IC. Obv straddles aren't defined risk.
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I believe your broker would require a higher margin too.

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Iron Condor on SPX

getthatintoya

SpandexMan