Back to the Wheel
February 4, 2024 I tried Credit Spreads again, and though I followed the rules of >30 days, < 30 delta, and more than 1 strike wide, my account balances never went up. Then I thought that maybe Iron Condors on government bonds (mostly TLT, but some IEF) would work nicely, but in the first 4 days TLT went up 4.7%, blowing through a few of my shorter-term Call sides. That experiment will continue, and may yet pan out, but I’ve …