RE: My Iron Condor Credit Spread On Apple

I too was surprise by the apple move after earnings. It beat but hell, it continue to be bought to close quite literally 10% up in one day.

I played with a lot of different spreads but decided to really just do cover calls or sell naked puts as I do not want to spend time adjusting my spreads all the time. High growth stocks is definitely difficult to play around with option spreads. I have gotten steamed rolled too many times with selling spreads only to realize its not worth the time and energy. Like you said, that one trade that turns bad basically takes out all the work and time it took to earn from the other trades.

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