Webinar 07. Purpose of Adjustments; The Kite Spread

The idea for this webinar comes from Jim’s question, originally posted on the forum

The questions concern using the kite spread (defined in video) as a tool for adjusting an iron condor trade.

The problem with replying directly is that the kite spread is not something others have written about and there is not a lot of reference material on the topic. In addition, I consider it to me a more advanced strategy than the iron condor. Thus, describing the more complicated kite strategy to newer traders – who are still in the process of learning how options work – doesn’t fit into my planned curriculum for beginners.

To accommodate everyone, this video contains an overall explanation of my philosophy behind making adjustments, and the ingredients that go into the adjustment trade.

Under ordinary circumstances (giving a straight introductory course), the topic of iron condors and kite spreads would not be presented so early in a new traders learning process. However, we are discussing iron condors frequently at OFRP (Options for rookies Premium) and the question raised by Jim is important.

After that introduction, I reply to the kite spread question. I understand that this may be moving far too quickly for beginners – and I don’t want to do that. Every member must be comfortable with the material being discussed and the speed with which new ‘stuff’ is introduced. Please let me know if there is a problem and I will fill in those gaps for you.

Webinar 07

6 Responses to “Webinar 07. Purpose of Adjustments; The Kite Spread”

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