MarcosK 0 Report post Posted March 20, 2020 Hello there! Could you please help me with suggestions? I have an IRON CONDOR on EWZ. I received a credit on this one. The stock is currently at 21.65. And the spreads 35/36 (puts) and 42/43 (calls). My question is if I can let these 4 options expire worthless? Or should I close only the PUT that has been shorted, as I assume it may be assigned. Not sure about this, though. Could this short put be assigned? Alternatively, I don't know if there's a way to manage this trade and minimize my loss. Any ideas? Thank you!! Share this post Link to post Share on other sites
rasar 1,877 Report post Posted March 20, 2020 It helps if you post the details of the trade, such as the expiration and credit received. Judging by your strikes, (I'm guessing here) I assume that you opened this trade a few days ago, and are referring to the 20Mar expiration. The calls are worthless at this point, and can probably be allowed to expire as such. The Puts are very deep in the money, and the short could well be assigned.. It would be wise to close the Put vertical as a pair (to avoid directional risk), and move on. For future reference, adjustments should be made well before this point. 2 MarcosK and TrustyJules reacted to this Share this post Link to post Share on other sites
CJ912 133 Report post Posted March 20, 2020 I would suggest you take Gavin McMasters course in Iron Condors. Gavin is a guest contributor here and specialises in Iron Condor trades. 1 MarcosK reacted to this Share this post Link to post Share on other sites
