The Traderszone Network

Published in TZ Latest News 17 October, 2017 by The TZ Newswire Staff

Buying back challenged side of Iron Condor, and leaving non challenged side open

Recently sold my Vertical Call Spread side of my NFLX Iron Condor position. This was the tested side, waited until after earning and got lucky that the underlying came back just enough to by back the Vertical Call Spread for slightly less than I sold it to open.

Legging out like this did cost me ~$600 in buying power effect. After the other leg (put side still open) expires worthless in a couple of days will I see that money come back? I’m trying to make sure that I didn’t shoot myself in…

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