Part 4: Trade Adjustments

Part 4: Trade Adjustments

NOTE: In this video we cover an Iron Condor example that was tested on the call side, however, you would use the same approach if it was tested on the put side. The only difference is that you would roll your trades down, not up.

Introduction
00:00 – Intro
00:40 – Preparing for Adjustments
03:51 – Analyzing Adobe (ADBE) Position

Adjustments
06:57 – Adding “Vertical Roll” Strategy to Analyze
08:53 – What Is Rolling?
10:41 – Adjusting Untested Side (Iron Condor Example)
13:56 – Adjusting Untested Side (Call Credit Spread Example)
16:37 – Adjusting Tested Side
21:28 – Combining Adjustments (Roll Both Sides Up)
23:15 – Combining Adjustments (Roll Both Sides Up and Out)
29:22 – Combining Adjustments (Roll Call Side Up and Out, Roll Put Side Up)
32:45 – Combining Adjustments (Roll Call Side Up, Roll Put Side Up and Out)
35:17 – Getting Enough Credit
36:57 – Using “Insight” to Choose the Best Adjustment
40:17 – Adjusting Profit Target
42:27 – Entering New Closing Order

If Unable To Adjust For Credit (or Small Debit):
43:35 – Automatic Exercise and Assignment Risk
46:38 – Avoiding Automatic Exercise and Assignment Risk
48:50 – Avoiding Automatic Exercise Only
49:51 – If Short Option Is Assigned
51:29 – Wrap Up