20-delta Iron Condors hit 50% of initial credit collected the quickest (close to 21 days). However, they give the least amount of credit.
How Long Iron Condors Take to Hit 50%
Tag: SPY
Iron Condor Wing Width
Iron Condor Characteristics
Not many (2.5% of them) Iron Condors go to max loss.
Many trades still profitable after experiencing 10-50% of max loss
Iron Condor Width
Wider Iron Condor has bigger losses but higher win rate and profits. Wider Iron Condor behaves like strangles but uses much lesser BPR.
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Odds When Selling Options
Default Iron Condor
Heard Sosnoff: Default goto iron condor is 23-25 delta and 1/3 width of the strikes.
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When to Roll Strangles
Roll when strike is breached. Sell strangles at 16 deltas and roll to 30 deltas.
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Manage at 21 DTE
1 SD vs 2 SD Strangles
Strangles During Low IV
Trading 1SD Strangle on SPY is still profitable when IVR<50.
20 Percent Freedom 