It has not been a good year for the iron condor or most non-directional strategies. They still work but in this one-way market it is easier to just sell Put Spreads and not have to worry about the Call side.
Nevertheless, OptionGenius is doing well for the year.
At the end of June, the service is up 13.38%.
This is far lower than what I would like, especially since I am aiming for a 50% yearly gain, but it is better than the overall markets and it sure beats a loss.
July trades are doing well and will probably add to the return.
Although I do expect more volatility towards the end of the year, there is no telling what will happen. The closer we get to the FED raising interest rates the more interesting the markets will become.
Until then, be long and hand on. That is what I am doing.
If the VIX starts trending higher and establishes a base above 15, that will be the time to become concerned. Not outright bearish, but concerned.
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