Nov 02 2020 21 mins 4
Today, we take a look at our IBM Short Strangle, a position that we have already adjusted, and we are reminded of the [appropriate steps to adjusting a Short Strangle](https://www.tastytrade.com/tt/shows/from-theory-to-practice/episodes/strangle-defense-03-22-2017 ) that has been tested. Then, we turn our attention to our AMZN Iron Condor. This position has also now been tested, but in analyzing our potential options, we remember that [adjusting a defined-risk position](https://www.tastytrade.com/tt/shows/from-theory-to-practice/episodes/wdis-remix-adjusting-iron-condors-08-13-2018 ) is often not as simple as an undefined-risk position.
