EDC 0 Report post Posted October 2, 2015 Hello, This is my first post! I noticed that the alerts for a Goog Iron Condor is posted for one total credit. I view an Iron Condor as Put Credit Spread and a Call Credit Spread. Is the actual trade actually entered as one Iron Condor spread? If it is actually entered as a Put Credit Spread & Call Credit Spread, could future alerts provide the limit price for the two individual spreads? Share this post Link to post Share on other sites
Kim 7,870 Report post Posted October 2, 2015 I prefer to enter as one trade, otherwise you are taking directional risk. Share this post Link to post Share on other sites
EDC 0 Report post Posted October 2, 2015 That is true, but on the other hand I have heard that if one's option order is too complex the fills may not be as good as opposed to using simpler spreads. What is your opinion on this? Share this post Link to post Share on other sites
Kim 7,870 Report post Posted October 2, 2015 Generally speaking, a 2 leg spread might be easier to fill than a 4 leg spread. However, if you fill one side and the stock goes against you right away, you will get less credit for the other side, so your total credit might be less. For the liquid stocks, it should not make a big difference, but filling 4 legs simply doesn't expose you to directional risk. Share this post Link to post Share on other sites
