Lower Prob Condor Plan

30 days till expiration put on a iron condor with a 60% prob of success. Then plan your adjustments at approx 12% loss on margin, you will take off 40% of the loosing side. For example on a $4 credit condor with $6 margin requirment and a 5 lot trade you will take off 40% (2 contracts) when the trade moves .72 against you moved from 4credit to 4.72 credit, then if price moves to the short strike take off another 40% and if it moves $5 ITM past your short strike take off the rest.
Profits, take off when your up 10-15% within 7-18 days.

When picking an index etf to place trades, observe how the indexes are fairing for the year. Look for skews between the indexs, look at which ones are trending above or below and watch out for those to come to parity with the rest.