IRON CONDOR-option trading strategy

my borker is ventura securities.....but to carry forward full margin required

For closing the initial position whatever SOLD is to be bought and whatever BOUGHT is bought to be sold. Hence latest position is reverse action of initial position trades..

DATE:15.02.17

INITIAL POSITION LATEST POSITION-15-02-2017
8300 PUT BUY 75 37.45 -2808.75 2.95 221.25
8400 PUT SELL 75 54.35 4076.25 4.90 -367.50
9000 CALL SELL 75 28.00 2100.00 4.75 -356.25
9100 CALL BUY 75 16.80 -1260.00 2.00 150.00
NET 2107.50 A -352.50
A B
A-B 1755.00


PROFIT RETENTION 83.27

As profit retension achieved targetted retention level, I will close the open position.

So on investment of Rs 40000/-, I got a profit of Rs 1755/-, 4.38% profit.

For March series max open interest is for Strike 9000 call-8500 put.
Hence new position is:
MARCH SERIES 9000-8500
INITIAL POSITION-15.02.17
8400 PUT BUY 75 45.00 -3375.00
8500 PUT SELL 75 62.20 4665.00
9100 CALL SELL 75 36.00 2700.00
9200 CALL BUY 75 20.40 -1530.00
NET 32.80 2460.00

MAX PROFIT 2460.00
MAX LOSS 5040.00
RETAINED PROFIT OF EARLIER TRADE 1755.00
NET MAX LOSS 3285.00

for march series , which max OI is should i take its feb OI or MAR OI

March series 9000-8500 max open interest on 15.02.17
initial position-15.02.17 latest position-17.02.17-for reversal
8400 put buy 75 45.00 -3375.00 32.75 2456.25
8500 put sell 75 62.20 4665.00 44.90 -3367.50
9100 call sell 75 36.00 2700.00 46.00 -3450.00
9200 call buy 75 20.40 -1530.00 26.80 2010.00
net 32.80 2460.00 CURRENT PROFIT/LOSS 150.45

max profit 2460.00
max loss 5040.00
retained profit of earlier trade 1755.00
net max loss 3285.00
profit retention current trade 6.12%

...INITIAL POSITION-15.02.17 LATEST POSITION-23.02.17
8400 PUT BUY 75 45.00 -3375.00 ... 18.55 1391.25
8500 PUT SELL 75 62.20 4665.00 ... 26.90 -2017.50
9100 CALL SELL 75 36.00 2700.00 ... 71.00 -5325.00
9200 CALL BUY 75 20.40 -1530.00 .. 40.85 3063.75
NET 32.80 2460.00...........Loss -427.50


MAX PROFIT 2460.00
MAX LOSS 5040.00
RETAINED PROFIT OF EARLIER TRADE 1755.00
NET MAX LOSS 3285.00

Date:03/03/17

LATEST POSITION-03.03.17
8400 PUT SELL 75 11.60 870.00
8500 PUT BUY 75 18.10 -1357.50
9100 CALL BUY 75 50.70 -3802.50
9200 CALL SELL 75 27.10 2032.50
-2257.50
PROFIT 202.50

MAX PROFIT 2460.00
MAX LOSS 5040.00
RETAINED PROFIT OF EARLIER TRADE 1755.00
NET MAX LOSS 3285.00
PROFIT RETENTION ON PRESENT POSITION 8.23%

Latest position-10.03.17
8400 put sell 75 9.00 675.00
8500 put buy 75 13.95 -1046.25
9100 call buy 75 55.85 -4188.75
9200 call sell 75 30.80 2310.00
-2250.00
profit 210.00

max profit 2460.00
max loss 5040.00
retained profit of earlier trade 1755.00
net max loss 3285.00
profit retention 8.54%

Latest position-17.03.17
8400 put sell 75 1.75 131.25
8500 put buy 75 1.95 -146.25
9100 call buy 75 108.05 -8103.75
9200 call sell 75 50.80 3810.00
-4308.75
huge loss!

On 17.03.17 for march series latest maximum open interest was-9200-8800
hence i replaced my position as under

8700 put buy 75 3.95 -296.25
8800 put sell 75 6.30 472.50
9200 call sell 75 50.80 3810.00
9300 call buy 75 20.00 -1500.00
thereby gain of rs. 2486.25

oldpositional loss -4308.75
replaced position 2486.25
resultant net loss -1822.50
profit (2460-1822.50) 637.50

After switching my latest positional value

24.03.17 march series-9200-8800
8700 put sell 75 1.50 112.50
8800 put buy 75 2.45 -183.75
9200 call buy 75 15.50 -1162.50
9300 call sell 75 2.70 202.50
-1031.25

old positional income 2460.00
loss onreversal of this position -4308.75
new positional income 2486.25
present positional value -1031.25
net result -393.75

apr series max oi 9500-9000
current index 9108.00
for keeping me away by 300 points to the current level deduct 300 from current level
so my new range is 9500-8800
hence my new position is:
9500 call sell 75 16.50 1237.50
9600 call buy 75 8.10 -607.50
8800 put sell 75 30.15 2261.25
8700 put buy 75 18.95 -1421.25
1470.00


max profit 1470.00
max loss ((100*75)-1470) 6030.00
retained profit of earlier trade(1755-394) 1361.00


iron condor is directionless strategy
it makes profit when index remains in the range
now volatility is also reduced hence option sellers make less profit

i invite suggestions from learned veterans who are experts in handling option selling iron condor