“Johnny Shankle and Tim Pierson go over a RUT Monthly Broken Wing Condor”
3:20- Tim begins talking about broken wing condor.
19:38- How far out of the money should you sell your put credit spreads?
22:07- How would you adjust the trade?
24:30- Trivia Question
source
RUT Monthly Broken Wing Condor
0
As I explored this trade in TOS I noticed the MID price for RUT was very difficult to fill since there was such a big variance between it and the NATural price; since the RUT was a bit too much for me I switched to the IWM and was filled at MID price immediately on the credit side. I bumped the protective debit spread by a penny and got it filled quickly. If held successfully until expiration the trade will net about 8.5% in 77 days. $ amount is not that big but just learning so keeping it small for now. Thanks for sharing the strategy.
Very Good video on the Put BWC. I want to know more about the Condor classes (course) that you mention in the video. Also, I want to learn about adjustments of the BWC Spreads that can result in a "RISK FREE TRADE".
Yes sir its very hard to see if the background is too dark