View post on imgur.com


My positions ^

Okay so i just tried to sell some options.

Its 3 Iron Condors, they cost me €9.40 commision wise to open the positions.
But even a couple of days later the P/L is red, while the underlying stock are still within the range (i think) of what i expected it to be ( 70% probability of being OTM).

If i look at the optios, do i want them to see them go up (so towards the 0) when selling, or further down (towards -20,-30,-40 etc etc) when selling?

The reason why this all confuses me, is because i know i want to sell options high and buy back lower at a later time. But when selling them, it states it as a -credit

View Reddit by SawkCawkView Source