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Asymmetric
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From the founder

The trade that started this idea

A short story about an iron condor on Tesla, a frozen index, and the realization that retail tools were not telling me what I actually needed to know.

By JemFounder, Asymmetric4 min read

Late 2023. I had an iron condor on Tesla, 30 days out, sized at what I thought was 1% of my account at risk. Tesla had been chopping sideways for weeks. The trade had collected most of its max profit by Friday and I was tempted to close.

My app showed me the trade was up. It did not show me that the short call delta had crept from 0.20 to 0.42 over the week. It did not show me that the implied move for the weekend had widened. It did not show me that earnings was the following Wednesday and IV was already inflating.

I held over the weekend. Tesla gapped 8% Sunday on news. By Monday morning my iron condor was no longer up. It was down four times what I had planned for as the worst case. Sized at 1% of account, I had taken a 4% loss in one position. Sloppy.

The app showed me what I had made. It did not show me what I was risking.

What the right tool would have shown

A simple chip on the position card: short delta has drifted past threshold, consider closing. A second chip: earnings inside the trade window. A third: implied move expanding. Three chips and I would have closed Friday. Three chips that the app I was using did not have because the engagement metric they cared about was trades opened, not trades closed at the right time.

That is the gap I started thinking about. Not a missing chart. Not a missing strategy. The decision support that would have kept me out of the loss in the first place.

What I did about it

I drew the dashboard on a whiteboard for a month before I wrote a line of code. I asked five traders I trusted what they actually look at before opening a position. Most of them used spreadsheets, screenshots, and gut. Almost none of them used the flashy retail apps for anything other than placing orders.

Asymmetric is the dashboard from that whiteboard, built to be the thing they would actually use. The risk chips, the regime band, the "what kills it" line on every trade page. Each one came from a specific moment where I or someone I trust wished the screen had told them what they needed to know.