Adjust Iron Condor and calculate P/L grouping all positions into one.

[T Lin]

Hello, Option Stack:

I am new to Option Stack and would like to get some help to kick start my testing. I’m trying to backtest Iron Condor strategy based on the following rules.

   — When VIX is between 23 to 30, sell SPX Iron Condor

       — Expiration Date: 30 to 45 days

       — Short strike: Call delta 10; Put delta 20

       — Long strike: 10 points away from short

   — If Call short strike delta reach 18, adjust

       — Close call spread

       — Next day sell a new call spread

           — same expiration day

           — short strike delta 10

           — long strike 10 points away from short

   — If Put short strike delta reach 28, adjust

       — Close Put spread

       — Next day sell a new Put spread

           — same expiration day

           — short strike delta 20

           — long strike 10 points away from short

   — Close position

       — When Profit reach 10% of total capital (Long/Short spread (10) - original credit received + (adjust new spread credit - closed debit))

       — When Loss reach 15% of total capital (Long/Short spread (10) - original credit received + (adjust new spread credit - closed debit))

       — When DTE <=7

I read solutions you provided for others. But I'm still struggled to put this together. Your help is most appreciated.

Best

Lin

[OptionStack]

Can you click on the Share button, and post a link to your strategy?

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[T Lin]

Here is the link:

https://think.optionstack.net/zs/3/k-DugTwpdSxd1KLgxpvBn8OUS4GGOv29Itt8NtXSEHosCfPG3TCD83fENIF15HSk3U

For profit and loss management, I would like to manage all trades as one. How do I do that? With current way, it says When Block can only have one OrderID. 

THank you!

[OptionStack]

Unfortunately your sharing link doesn't work.  Perhaps sharing was disabled or the file deleted?

Can you repost a link sharing your strategy?

The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory or other services by OptionStack. In addition, the content of the website offers no opinion with respect to the suitability of any security or any specific investment.  There are no guarantees as to accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. Past performance is no indication or guarantee of future results. All investments involve risk – including loss of principal. You should consult with an investment professional before making any investment decisions.