Iron Condor (Trading Perpetuals, Options & Spot)

Position Setup:

• Sell a call option at a $2,800 strike price and a put option at a $2,200 strike price on ETH/USDT.

• Hold a spot position in ETH at $2,500.

Market Movement:

• ETH remains range-bound between $2,450 and $2,550, not reaching either strike price.

Using the Greeks Dashboard:

• Delta-Neutral Monitoring: The delta of the combined positions will be displayed on the dashboard, ensuring your strategy remains delta-neutral. If delta shifts significantly, the dashboard will alert you to adjust.

• Gamma and Theta: As the options near expiration, theta will accelerate, and gamma will remain stable in this range-bound movement. By tracking these metrics, you can evaluate whether to let the options expire worthless or close them early.

• Net Position: You collect $200 from the option premiums, while the Greeks Dashboard helps manage your delta-neutral strategy with minimal risk.