{"id":9,"date":"2009-09-14T17:08:52","date_gmt":"2009-09-14T17:08:52","guid":{"rendered":"http:\/\/dailyma.com\/faq\/adjusting-a-double-calendar\/"},"modified":"2010-02-09T01:49:47","modified_gmt":"2010-02-09T01:49:47","slug":"adjusting-a-double-calendar","status":"publish","type":"post","link":"http:\/\/dailyma.com\/faq\/adjusting-a-double-calendar\/","title":{"rendered":"Adjusting a Double Calendar"},"content":{"rendered":"

Q: I’ve bought your online course & it’s really eye-opening to someone like myself who thought he has already known a lot about options.<\/p>\n

I’ve gone through all your videos regarding the portfolio selection, the setup & adjustment of the “Double Calendar” and “Sale of an Iron Condor” trades and they were clearly explained.<\/p>\n

However, I have this bugging question that I hope you could help me. That is, how do you adjust a “Double Calendar” or “Sale of an Iron Condor” position if the price goes against your position (ie. moved very close to your breakeven point) if it happened during the last 1 to 2 weeks before expiration and options premium have already gone down a lot.<\/p>\n

Would laying another double calendar over an existing one or in the case of an iron condor, shifting the whole iron condor still be practical during these final 1-2 weeks before expiration with not much value in the option premium?<\/strong><\/p>\n

A: I mentioned on the videos that adjustments are really only a viable solution in the 1st or 2nd week you are in the position due to the fact hat option premiums are still relatively high.<\/p>\n

So if you put a position on 4 weeks to expiration, trying an adjustment in the last week or two would not work due to declining premium.<\/p>\n

One alternative is to adjust using the next month out where premiums are higher. There no rule that says your adjustment has to be made in the same month!<\/p>\n

A second alternative is to simply close the position out, of course, and move on to the next month. In most cases this is the best option.<\/p>\n","protected":false},"excerpt":{"rendered":"

Q: I’ve bought your online course & it’s really eye-opening to someone like myself who thought he has already known a lot about options. I’ve gone through all your videos regarding the portfolio selection, the setup & adjustment of the “Double Calendar” and “Sale of an Iron Condor” trades and they were clearly explained. However, … Continue reading “Adjusting a Double Calendar”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,1,12],"tags":[],"class_list":["post-9","post","type-post","status-publish","format-standard","hentry","category-double-calendars","category-iron-condors","category-options"],"_links":{"self":[{"href":"http:\/\/dailyma.com\/faq\/wp-json\/wp\/v2\/posts\/9","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/dailyma.com\/faq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/dailyma.com\/faq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/dailyma.com\/faq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/dailyma.com\/faq\/wp-json\/wp\/v2\/comments?post=9"}],"version-history":[{"count":0,"href":"http:\/\/dailyma.com\/faq\/wp-json\/wp\/v2\/posts\/9\/revisions"}],"wp:attachment":[{"href":"http:\/\/dailyma.com\/faq\/wp-json\/wp\/v2\/media?parent=9"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/dailyma.com\/faq\/wp-json\/wp\/v2\/categories?post=9"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/dailyma.com\/faq\/wp-json\/wp\/v2\/tags?post=9"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}