An IMPORTANT Correction!!

Well Traders, my friend Dave D. pointed out an important mistake I made with my December Iron Condor analysis that actually works in my favor. It was my understanding that the $NDX option expired the opening tick on the Friday after the third Thursday, which would put the December trade expiring on December 21. Dave D. pointed out that the Expiration Date was the 15th because the actual Expiration Date of the $NDX is the "opening tick of the third Friday of the month", which makes it 12/15.

This is important because it cuts off a week of time value from my trade, accelerating the TV burn-off, and enhancing the probability of the profitability of this trade.

Here is the graph with both the new Expiration Date line at 12/15, and the old one at 12/21. You'll see that the trade looks much better now and assuming there is no wild outbreak on the $NDX, I am feeling much better about this.

Thanks again Dave D. & Happy Trading!