Just a quick question for an experienced option trader:
If you have for example 2 short iron condors and 1 long debit spread in the SPY but ALL have different expirations ex. 1 short iron condor (Credit) for SEPTEMBER, 1 long debit spread for SEPTEMBER 5 weekly, and 1 short iron condor (CREDIT) for OCTOBER expiration; all different strikes , none repeated.
Can you treat all of them as individual adjusting them up to their OWN specific expiration as if in your mind each was the only spread you had on or do they all tie in together somehow. I guess what I am trying to say is can you adjusting them individually so they EACH can be profitable up to or close to their individual expiration.
For instance 2 SHORT CONDORS (INSTEAD OF 1) to spread the condors out farther while collecting more credit than just a single condor and cover vulnerable areas in case of sharper decline, and the debit spread very wide to cover some of the losses where the condors start to decline rapidly?
PS. I use Think or swim and I understand all of them individually but when you put them all on top of each other it gets a little crazy looking. Just making sure Im not missing anything
I hope this makes some sense , THanks
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