Adjusting an Iron Condor Without Defending the Wrong Leg
An iron condor is a short strangle wearing protection. Decide about the protection instead of the risk and you can turn a $5,000 position into a $310,886 one — with the app warning you three separate times.
Roll, Close, or Hold? A Framework for Defending Losing Option Trades
A repeatable framework for deciding whether to roll, close, or hold a losing options trade — worked on a put credit spread that is underwater and still the favourite, where "not sure" turns out to be the most expensive answer.
Rolling a Broken Wing Butterfly: When It Helps and When It Just Adds Risk
A broken wing butterfly is a clean fly plus a directional tail. Read one properly at 5 DTE — with the app's own decomposition and stress table — and the adjustment usually names itself.