PYPL’ s share price has been strong. I decided to move up the put side of the iron condor in the same month in order to collect additional premium and to minimize the damage if the share price continues to rise.
Bought PYPL 01/15/21 Put 175.00 @ 0.97
Bought PYPL 01/15/21 Put 210.00 @ 7.38
Sold PYPL 01/15/21 Put 165.00 @ 0.57
Sold PYPL 01/15/21 Put 220.00 @ 11.78
An additional 4.00 was collected by making this adjustment. The new position is
PYPL Jan 210P/-220P/-220C/230C for a credit of 7.20.
This trade went bad from the beginning and it took some patience to be able to scratch it (seven adjustments
I am rolling the ADBE iron fly to April to collect additional credit while extending the trade duration. Bought ADBE
The PYPL iron condor is expiring for a $2,700 loss per 10 lot. The stock ran early and fast after
This position needs more time to work out so I am rolling the put spread to March and selling a
ADBE’s volatility has dropped and its share price has sagged. I am taking off the call side of the iron
I am rolling the ADBE Iron Condor to February and tightening the put side wing. This adjustment reduces the position
