About
A strategy taught by hand,
now run by rules.
If a disciplined options strategy works when a person follows every rule, what happens when software never skips one?
I learned it first, then built it
I’m Leon Gaban, founder of Nument Trade. I learned weekly SPX iron condors by hand, as a student of Dorian Trader.
The hard part is following every rule on every day, good or bad. So I built the system that does it, in my own account first.
Dorian Trader
Dorian Trader is an options education firm in Houston, Texas, run by O’Brian. It teaches probability-based options selling, much like insurance underwriting, through a trading club, courses and a one-year apprenticeship. Our strategies are drawn from that teaching. We open with the weekly SPX iron condor, with more on the way.
Nument Trade is independent. Dorian Trader does not manage your money or endorse this site.
Every step is a written rule
One window, one trade
Enters in its set window, only when your conditions are met.
Adjust, don’t panic
A tested side is rolled out of danger, in a fixed order.
You can always step in
Take profit, close, or take control at any time.
What happens when a side is tested
As a short strike nears the market price, the strategy climbs the same four steps, in the same order, every time.
- 1
First adjustment
35Δ DeltaRoll the tested side back to at least 20 delta, paid for by rolling the other side up. Collect at least $50 more than it costs.
- 2
Proactive
25Δ DeltaRoll the threatened side away 5 to 15 points.
- 3
Third adjustment
35Δ DeltaSame as the first.
- 4
Terminal handling
35Δ DeltaClose the tested side and buy back the other at $0.10. No new trade that day.
Triggers shown are defaults. Adjusting does not guarantee a profit, and a trade can still lose.
Clear about the limits
- Not investment advice. You choose the strategy.
- Not a guarantee. Every trade can lose.
- Not a fund. Trades run in your own brokerage account.