The Mark III iron condor is a lower probability Iron Condor compared with our first XJO Iron Condor Model Portfolio (lets call it Mark I for short). The short options in Mark III are sold at 20 Delta resulting in higher premiums collected but a narrower profit zone when compared with Mark I where the short options are sold at 10 delta. Unlike Mark I where we simply held our trades to expiry, we actively manage our positions in this model portfolio in a similar way to what we did in the Iron Butterfly Model Portfolio. We take profit at 50% of premium collected and close losing trades when losses exceed 100% of premium collected. Click on the link below for the Trading Plan of this model portfolio.

XJO Iron Condor (Mark III) Model Portfolio – Trading Plan

Below are the monthly blog updates on the XJO Iron Condor (Mark III) model portfolio with details of each month’s trade

  1. Model Portfolio Set up
  2. August Update
  3. September Update
  4. October Update
  5. November Update
  6. December Update
  7. January Update
  8. February Update
  9. March Update
  10. April Update
  11. May Update
  12. June Update and Portfolio Wrap Up

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