Master Iron Condors - Double the credit for half the risk
4.7 (296 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
2,324 students enrolled

Master Iron Condors - Double the credit for half the risk

The Iron Condor is one of the most popular Options strategies, and it is the undisputed "King of Time Decay strategies".
4.7 (296 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
2,324 students enrolled
Created by Hari Swaminathan
Last updated 12/2019
English
English [Auto]
Price: $79.99
30-Day Money-Back Guarantee
This course includes
  • 1.5 hours on-demand video
  • 4 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • Understand what an Iron Condor strategy is
  • Master the trade setup criteria for an Iron Condor
  • Understand the profit mechanics from an Iron Condor
  • Why the Iron Condor is one of the most popular strategies of professional traders
  • What are the danger points in an Iron Condor and how do we deal with them
  • What are appropriate adjustment strategies for Iron Condors
  • How do we manage the losing the side of an Iron Condor
  • What is "rolling a spread" and how can we roll a losing side profitably
Requirements
  • Excellent knowledge of Credit spreads and all material before it
  • Excellent understanding of Time decay and Implied Volatility concepts
Description

THE IRON CONDOR STRATEGY - KING OF TIME DECAY STRATEGIES

The Iron Condor Spread is one of the most  popular trades of all Options trades, and it is the undisputed "King of  Time Decay or Income strategies". It is special because you get to double  the premium collected, reduce your risk levels as compared to normal credit spreads,  double the amount of time decay, and maintain a delta neutral position, at  least when the trade is first put on. The negative with the strategy is that  it's a heavily Vega negative position. We dissect the Iron Condor in this  trade, put on a real trade on AAPL, and take it through a couple of weeks. We  analyze the risks, set adjustment points, and discuss suitable adjustment  strategies for different market situations as the trade develops. 


What  you will master

 

  • How do we construct an Iron Condor

  • Why choosing the right strike prices are important for the Iron condor

  • Should we try to make it a delta neutral trade and why

  • What are its special characteristics

  • How is the premium doubled

  • Why is the Iron Condor a popular trade

  • Why are margin requirements less on an Iron Condor

  • What should we watch for in terms of Vega exposure

  • What are good adjustments for an Iron Condor

  • When do we use the simple adjustments and when do we use the complex one

  • Is Rolling an Iron condor leg a viable strategy

  • What are the options if we don't want to roll a losing Iron condor leg

  • Why is there an automatic profit component in an Iron Condor

  • How can we optimize the entry of an Iron condor

 

 

Who this course is for:
  • This is an advanced level course, so students must be familiar with Credit spreads
  • Anyone wanting to create consistent monthly income strategies
  • Busy professionals who don't have much time to look at the markets but need a reliable risk-defined strategy for monthly income
Course content
Expand all 8 lectures 01:16:54
+ Introduction to the Iron Condor Strategy
1 lecture 05:38
What is an Iron Condor strategy, and why is it called an Iron Condor. This lecture explains the basics of an iron condor, its construction and analyzes the time decay and Volatility considerations. Please also see supplementary video
Preview 05:38
+ Putting an Iron Condor on Apple (AAPL)
2 lectures 21:24

General guidelines for an Iron condor

Preview 10:34
A detailed analysis of an Iron Condor trade on Apple (AAPL), before the trade is executed.
Trade setup of the Iron Condor
10:50
+ Iron Condor Trade Management
1 lecture 12:57
The mechanics of how the Iron condor makes a profit, and what are the considerations for a great exit on the trade
Managing the Iron Condor to a successful exit
12:57
+ Iron Condor adjustments
4 lectures 36:55
An overview of the two most common (or simple) adjustments for the Iron condor.
Iron Condor adjustments
12:20
This is a more complex but very effective adjustment for Iron Condors. We show you exactly how to take a losing side of the Iron condor and "roll it" into the next month in a profitable manner, and in a way that recovers its current losses
Rolling an Iron Condor leg to the next month
10:45
A wrap-up of this amazing strategy. Includes a couple of advanced tips on how to maximize trade entry for Iron condors using a very nifty technique.
CONCLUSION
06:40
Iron Condors Quiz
5 questions
BONUS LECTURE - DONT MISS !!
07:10