Expiry day 25 June

Date : 25-06-2020

Time : 11:51 AM

Day : 25 Jun 2020

I analyses profitability of the IRON condor positions for the 25 Jun series . Even the +3% to - 3% IC is giving only 0.4% ROI 

It very much evident there is not point in taking fresh trade at the the expiry trade for IC- its not worth the effort

Also. in order to bring the margin block down, I made a mistake of selling the hedge instead of squaring off the sold position. This is absolutely a oversight mistake which warrants the claim that- do not try to square off in haste

Put limit order for 0.05 for squaring off to avoid any penalties from the broker for leaving it to expire without squaring off

Time decay through the day in % terms is highest in the last day of expiry session - however the value wise its low as the gap down on the premium on the start of expiry day from the previous day is highest

Hence max time decay happend on the gap down in premium from expiry -1 day to expiry day