There are a variety of techniques that we can use to potentially turn a bad trade into a winner. This approach primarily applies to undefined risk spreads such as naked options or strangles. But, what about defined risk spreads. Is there anything we can do to manage a vertical spread or an iron condor?
On today's show, Ryan and Beef explain how they approach defending defined risk trades when they've moved against them and some of the unique opportunities defined risk trades offer us.