tasty BITES - August 6, 2019 - One Third the Width

published 2 weeks ago by tastytrade, Inc.

When selling iron condors, we like to collect a credit that is ⅓ the width of the strikes. So how big exactly are these wing widths? When looking at 25 delta options in SPY, we find that $6 wide wings let us collect about $2 in credit (⅓ of the wing...

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