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Put Adjustment Used During The 'Flash Crash' Last Week When The DOW Fell 1000+ Points. To Learn More About These Adjustments Join Our Free Newsletter.

New post in our newsletter on an iron condor butterfly put adjustment that was made during the big ‘flash crash’ last thursday.

Screen shot above (as well as others in our free email newsletter) detail how the purchase of a cheap way out of the money put option as insurance made a significant difference as the 1000 point drop ‘crash’ in the market occurred.

What normally would have been a big loss for this type of trade instead turned the position positive by over 20%.

Sometimes these types of little talked about iron condors adjustments prove useful for the shorter periods of time such as a few days to up to around two weeks of time as the longs being purchased are continually working against the position. However in a situation like Thursday where the vols went through the roof – you can see how well it helped this position.

To learn more about these types of adjustments sign up for our free iron condor email newsletter by clicking here