Option Risk Management

What are some ways of hedging beyond using strategies (iron condor, vertical, jade lizard, etc.)?

 

depends on what you want to hedge

 

How about an IBM short iron condor?

 

LOL. You're already balancing 4 positions. Further complexity isn't going to help protect you.

 

What do you want to hedge in that IBM short iron condor?

 

STOCK

 

you could put some cheap bwb on each side of your condor but that is a bet in itself.

 

What is your strategy to hedge?

 

remember this is ibm not IBM so its gonna disappoint. There are opportunities here but they are not as obvious as they seem. Good luck!

 

The condor wings are the hedge.