Premium for the condor.s

Its been awhile, and I forgot how I can see if I got premium on both spreads. using the scanner. anyone send me in the right direction.

When you select an instrument to trade, basically the screen will pop up with all the information you need.

Using my example, you can easily tell that contracts im looking at have $88 for one side and $53 for the other

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Why does the premium sometimes increase on both sides??? I’m in a trade right now on my demo account. There was $106 premium on the sell side & $111 premium on the buy side. Now it’s an hour later & the premium is up to $118 & $114. Isn’t it supposed to go DOWN???

yeah im confused too. but what I do know is condors are a legit way to make money, tho the lure of only spending 100 dollars with binaries. thats the cancerous part of nadex. for example I was gonna set aside like 200 to trade and 200 for membership this friday but I know ill be tempted to just use the binary hunter, now ive made good money with binaries but its too fickle, when you play with half ticks is that truly trading? or is it gambling. I wanna master spreads, a tick should be a dollar binaries in a way is how they get money from the 80 90 percent of people that learn about nadex, the quick buck. who wouldnt wanna start making money with only 100 dollars and 200 dollars membership. instead you really need alot more.

You just have to keep in mind that IV can change and can effect the premium and pries, especially on a day like FOMC day. Yes as time goes on you should usually see yoru premium go down over time. But with big things like FOMC the premiums can increase etc

Wow… thanks for the heads up about the fact the premium can and will increase dramatically around events such as FOMC. That is what wiped me out then the other day.

Pretty sure Non Farm Payroll Day will have the same effect. Oh well still usually 18 other days in the month to make $$ on these :wink:

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