 What's up navigation traders? I want to go over an adjustment technique that we use on iron condors In this case, we're looking at wheat for ZW and you can see we've we've got this iron condor on or we had an iron condor on Price moved up breached our downside or upside break even here so price is currently right here and so what we like to do is You know we hold on to this this losing piece and you know see if we can get a little bit of bounce back Because price has had you know pretty good size move to the upside here So if we get a little bit of a retracement back, we'll take that one off but what we like to do simultaneously is also add another iron condor centered around price and so if we go to our trade tab and take a look this current pieces in the April cycle with 25 days to expiration when we enter new positions We like to be in that 30 to 60 days, so we would enter the new one in May So we're essentially just kind of laddering these positions on collecting more credit Giving ourselves more time to be right And so if we put on the iron condor looking about the 20 delta here sell iron condor I like to do these 10 10 points wide so we'd choose the 5 30 as the long call And then if we go over to the put side kind of same area 20 delta that's the 4 45 put So that's when we'd sell And then 10 points below that would be the 4 35 Okay, so that's going to give us the the strikes that we want potentially And then to make sure we want to analyze this So we're going to take it over to our analyze tab. We're going to click off our current position just to analyze this one You see we've got a max profit of 168 75 max loss 331 25 So the risk reward is really good You can see that we've got a Based on the way the options are priced We've got a little bit more room to the upside which is great Because remember on our other current piece. We're looking for a little bit of downside So this kind of helps offsets that delta offsets that directional risk And so I really like the looks of this so we want to kick this up to a few more contracts Given us a you know, it's three contracts. So we'll stay the same as the other piece here Gives us a max profit of 506 25 max risk of 993 75 so great risk reward So let's go ahead and send this off Right click confirm and send Send And we got filled right away So, um, I'm going to shoot this off to our alert subscribers Hope this was helpful If you'd like to learn more about how we've taught over 10 000 members how to trade options for consistent income Just go to our site navigation trading.com. Click on the big orange button And we'll give you immediate access to our flagship course trading options for income We'll also give you the navigation trading implied volatility indicator that you see on our charts Along with the watch list that we use to trade the most profitable symbols day in and day out All this is yours no cost. Just go to our site navigation trading.com and we look forward to seeing you on the inside