News Trade Expiration time?


#1

When using Iron Condors is the suggested expiration time a hard rule? Are you suggesting we should only choose spreads that expire at that time? I have had very little success finding the minimum profit potential lately but feel like I may not be seeing the whole picture?


#2

I dont think it that it is.

Take the GBP for example. Most of its big news comes out at 4:30am EST. I dont think Ive ever seen a 4am-6am trade recommendation. Always 11-7.

If looking for an Iron Condor its more about having the recommended premium available.

That being said, what would worry me, is you are going to be trading more than just the news. There could be a huge move in one direction that stops you out even before the news is released.