Iron Condor Adjustment is not executed

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T Lin

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Oct 20, 2022, 6:54:08 PM10/20/22
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Hello,
I would like to adjust Iron Condor when delta of one of legs is reach certain value. However, when I run the scripts, the adjustment never get executed. Could you help me to figure out why? Here is the link:

Thank you!
T Lin

OptionStack

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Oct 20, 2022, 7:12:58 PM10/20/22
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If your market conditions are NOT being triggered as expected, you can plot your specific market conditions to visually analyze why it didn't trigger.  

In your situation, you can plot the delta of your short put (as part of Put Vertical) and your short call (as part of Call Vertical).  

plotDelta.png

The short Put has a positive delta and the short call has a negative delta.  But in your strategy, it appears the positive/negative delta signs are reversed.    

deltaPlot.png

For more information on how to debug your strategy, please review the following article:  How to debug your strategy


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