How could this iron condor be profitable if it costs more to buy it back?
Iron Condor
I知 uncertain as to how this position can be profitable if it costs more to exit the trade than to enter it. There seems to be a glitch of some sort in the app? Can anyone explain what痴 happening here?
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Your link doesn't provide specific information about the components of your Iron Condor so I don't know what the details of your position are.
Every option position has an immediate loss once established because of the bid/ask spread loss. My guess is that is what you are observing. If you want something more than a guess, edit your question and include the prices at which each of the 4 legs of your Iron Condor were filled at as well as the current bid/ask of those legs.
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