Advanced Iron Condor for Consistent Monthly Income

Name: Advanced Iron Condor for Consistent Monthly Income
Rating: 4.2 (69 reviews)

Learn to generate consistent monthly income via simple and powerful Iron Condor Options Trading System

Created byAbhikansh Jain

Last updated 3/2024

English

What you'll learn

You will learn a powerful options strategy for consistent income, without picking the direction of UL
Easy to understand 6 Steps Trading plan
Live Examples of Opening and Closing the trades
Advanced trade management techniques
How to diversify your portfolio

Course content

7 sections • 37 lectures • 2h 20m total length

Introduction0:43
Short introduction of the course.

Section Overview0:44
Overview of this section.
Why Iron Condor2:41
Why Iron Condor is preferred over other strategies.
Nuts & Bolts of Iron Condor4:52
Building blocks of an Iron Condor
Trading Platform Overview4:31
How to setup a basic Iron Condor trade.
How to Set-Up Trade2:15
Analyze the stock’s range to form a ten-point wide iron condor on the platform, using 145/135 and 220/230 strikes, collecting a 3.30 premium for max profit and 6.70 max loss.
Open a Free Trading Account0:10
Trading Plan - Step by Step - Part 19:40
Step by step process of opening an Iron Condor trade.
Trading Plan - Step by Step - Part 24:23
Step by step process of opening an Iron Condor trade.
Trading Plan - Step by Step - Part 32:41
Apply the fourth step: ensure a premium at least 25% of the spread width, size the trade to your account, and verify expiry and no conflicting positions before execution.
Real Trade Examples With Outcome5:54
Real and recent trade examples with outcome
Section Summary0:52
Summary of this section.
Test Your Knowledge!

Modify Iron Condor Trade As Per Current Market Condition7:45
How to modify Iron Condor trade as per your directional bias and current market condition
Other Variations Of Iron Condor3:24
What are different variations of Iron Condor strategy.
When To Avoid Iron Condor2:34
When and which tickers are not good candidate for this strategy.
Trading Iron Condor During Earnings1:13
Trading Iron Condor During Earnings
Portfolio Diversification6:01
What is portfolio diversification and how to achieve that.
Test Your Knowledge!
Section Summary0:45
Summary of this section.

When To Take Profit And Close The Trade3:41
This lecture covers when it is best to close position and take profit.
How Much You Should Expect To Earn (With Plan)8:27
This lecture covers why this system with proper plan has very high probability of success.
Sample Excel Sheet for Calculation0:02
Position Sizing6:30
In this lecture, I have covered position size calculation assuming use of 60% buying power. But as we discussed is last lecture, I suggest to start with 25-40% initially.
My General Trading Rules6:15
Adopt practical risk rules for consistent trading, including defined risk trades, limiting per-trade risk to 2–5 percent, monitoring positions, maintaining a trade journal, and focusing on a few tested strategies.

Adjustments: Overview1:21
Overview of this section which is focused on trade adjustments.
Adjustment 1 (Basic) : Do Nothing!4:38
Use the do-nothing adjustment for an iron condor, accepting maximum profit as the premium and maximum loss as spread minus premium, with no monitoring required. Buying power stays locked.
Adjustment 2 (Basic) : Close the trade early to avoid max loss2:03
Adjustment 3 (Advanced) : Rolling within Same Expiry4:18
Execute rolling within the same expiry by moving the trade nearer to the money to collect additional premium, reduce your cost basis, and keep profit potential as time remains.
Adjustment 4 (Advanced) : Rolling Out the Position8:25
rolling out moves the iron condor to the next expiry, reducing maximum loss and increasing premium, while repositioning the untested side toward the money to buy time.
Adjustment 5 (Advanced) : Alternate Adjustment Techniques7:20
Section Summary0:51
Summary of this section.

BABA Trade6:08
PLTR - Trade Opened - Part 17:34
Apply an iron condor on PLTR to pursue monthly income by analyzing chart, using 35–40 day expirations, and managing a 3-point wide setup with 120 premium and 180 max risk.
PLTR - Advanced Adjustment - Part 22:20
PLTR [06 Apr 2021] - Advanced Adjustment (various options) - Part 36:49
outlines three management options for an adverse pntr iron condor: close for profit, roll out to May for higher credit, or hold to expiry with risk.
Bonus lecture0:08

Requirements

Basic understanding of Options Trading.

Description

Learn to generate consistent monthly income by using a simple and powerful options trading system.

Are you trading options but not able to make regular returns?
Are you tired of picking the direction of stock incorrectly?
You know how to trade Iron Condor but not sure how to adjust it if required?

This Advanced Iron Condor Trading course can be your answer!

Once you complete this Advanced Iron Condor Trading course, you will be an expert in trading Iron Condor strategy.

This system is crash-proof because it's market neutral strategy and your maximum risk is predefined.

Below are the key points, we will be covering in this course..

Why Iron Condor over other trading strategies
Plus points of Iron Condor trade
What are the different varieties of Iron Condors
How to select the best stock to trade this strategy (with live scanner example)
How to select best strike prices
How to select expiration that works best
What is the impact of Implied Volatility
What is Portfolio Diversification
How to skew your trade on directional bias
How to trade Iron Condor in the most effecting and profitable way
Most importantly, how to adjust/manage trade according to the market conditions.

The benefit of this system is that you don't need any detailed technical analysis, no need of drawing dozens of lines on charts etc, and no need to pick the direction where the stock will be heading just after you take the trade!!

It's a very simple and easy-to-apply strategy once you learn how to use it properly.

Why this course is different:

It's relatively easy to open the Iron Condor trade but what make difference is - your ability to manage and adjust the trade.
I have focused more on trade adjustment techniques as this is what we struggle to find.

Who this course is for:

Beginner and Intermediate level traders looking for a strategy to generate Consistent Monthly Income.
Advanced Traders looking to improve their trading and learn how to manage/adjust the trade most effectively.

Who this course is for:

Anyone interested in options trading and want to learn a new and powerful strategy
Anyone interested to earn regular extra income with limited and calculated risk
Anyone who is passionate about trading

Advanced Iron Condor for Consistent Monthly Income

What you'll learn

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Course content

Introduction1 lecture • 1min

The Strategy : Core11 lectures • 39min

The Strategy : Advanced6 lectures • 22min

Money Management and Position Sizing5 lectures • 25min

Trade Management and Adjustments7 lectures • 29min

Thank You and Next Steps2 lectures • 2min

Recent Trades and Updates5 lectures • 23min

Requirements

Description

Who this course is for: