When the stock price tests or breaches our buy side CALL. Only way we can control it is by buyin futures which has delta one similar to our sold call option which also in now ITM and behaving like futures. Selling ITM Put will also act like futures. All these measures will reduce our loss by some percent..
Every adjustment costs slippage due to the bid ask price spread. Proactive adjustment would cut the gains if stock comes back in range
condor wins if price coming back to range at some point.
adjustment reduce losses if condors go beyond range.
Adjustment cuts our profits if condors come back to our range after adjustment
dont understand anything more beyond it. ....
We sell normally before 40-70 days of expiry. The 100% success rate is not on monthly basis but on quarterly basis, Some months may be in notional loss when there is huge movement of nifty of 500-700 point. We have to keep on adjusting positions by managing greeks it comes by experience trading for years
You should learn more about delta, How it behave when it is in the itm, otm. last week of expiry, next month extra. Delta moves differently in different scenarios. Delta is the important part. Delta is to be controlled in a staggered manner when position goes against us. It comes to know by years of experience only.