Test Driving a Modified Iron Condor

In tonight’s team meeting we are going to be test driving a new modified 60/40 iron condor.  The idea here is that we will be selling lots of implied volatility (premium) and (unlike regular iron condors) we will be expecting to adjust.  By selling lots of premium we should have plenty of cash to pay for those adjustments.

As part of this, I will show you how to create and test a new strategy and use some of the new backtesting features (OnDemand) of TOS.  I will be using this strategy through 2010.

See you tonight at 730 ET.

Mojo

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Comments:

  1. OK, just got off the phone with TOS. Their data cache doesn't go back far enough to be useful to us. I'm going to go over the 5 critical questions for a successful trade, the general market posture, and will broad brush the 60/40 IC.

    Mojo
  2. How can I attend this meeting?
  3. what does 60/40 mean?
  4. Migo1 - In order to attend you have to be a trade team member. Its $99 a month and you have to sign a waiver saying that you understand that you are making your own decisions and responsible for your trades. If you are interested, pop me an email.

    Biggreycat - 60/40 refers to a lower probability trade that will absolutely demand management.

    HTH,

    Mojo
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