Comment on Option Strategy - Zerodha Trader

SREEJITHKK commented on 23 Sep 2013, 02:19 PM

Kindly go through the following scenario:
Nifty trading at 5310 then took Iron Condor as follows:
Sell to Open 5300 CE 5300 PE
Buy to Open 5500 CE 5100 PE
After couple of days nifty moved to 5625, if the client want to take new Iron Condor position By Sell to open 5500 CE and 5500 PE
And Buy to open 5700 CE and 5300 PE
Then the existing 5500 CE Long position will be offset?
Kindly clarify.
Best regards

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