All July trades expired worthless on Friday the 19th. The Index trades earned 4.9% and the ETF Option Trades earned 5.5%. These trades were very challenging. The markets dropped fast in May and again in June. Then they recovered and dropped again. Trading Iron Condor’s in a Bear Market is not easy but achievable if the trades are conservative. We successfully rolled 2 Bull Put trades to new Bear Call trades that expired worthless. We also rolled 1 ETF Bear Call trade to August for just $1 per contract which is very low. I really like rolling ETF trades because the cost is minimal and you can keep rolling until the options expire worthless.
My August trades will be very conservative with lots of distance. When this Bear Market is over trading Iron Condors will be much easier and more profitable.
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