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".
4.4 (66 ratings) Instead of using a simple lifetime average, Udemy calculates a
course's star rating by considering a number of different factors
such as the number of ratings, the age of ratings, and the
likelihood of fraudulent ratings.
935 students enrolled
Instructed by Hari Swaminathan Business / Finance
$60
Take This Course
  • Lectures 7
  • Contents Video: 1.5 hours
  • Skill Level Expert Level
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
Wishlisted Wishlist

How taking a course works

Discover

Find online courses made by experts from around the world.

Learn

Take your courses with you and learn anywhere, anytime.

Master

Learn and practice real-world skills and achieve your goals.

About This Course

Published 3/2013 English

Course 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

</p>

 

  • 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

 

What are the requirements?

  • Excellent knowledge of Credit spreads and all material before it
  • Excellent understanding of Time decay and Implied Volatility concepts

What am I going to get from this course?

  • 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

What is the target audience?

  • 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

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Introduction to the Iron Condor Strategy
13:40
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
Section 2: Putting an Iron Condor on Apple (AAPL)
13:34
A detailed analysis of an Iron Condor trade on Apple (AAPL), before the trade is executed.
Section 3: Iron Condor Trade Management
19:02
After we put the Iron Condor on AAPL, what is the stock doing and how do we manage this position.
06:42
The mechanics of how the Iron condor makes a profit, and what are the considerations for a great exit on the trade
Section 4: Iron Condor adjustments
12:20
An overview of the two most common (or simple) adjustments for the Iron condor.
10:45
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
06:40
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.
Iron Condors Quiz
5 questions

Students Who Viewed This Course Also Viewed

  • Loading
  • Loading
  • Loading

Instructor Biography

Hari Swaminathan, Options and Financial markets expert, Trader and Investor

Knowledge. Strategy. Execution.

Hari Swaminathan is the founder of OptionTiger, a cutting-edge Options education and trading company based in Washington D.C.. Hari is an entrepreneur, everyday person and a self-taught Options expert for over 8 years. Hari has a Bachelors degree in Engineering from India, and MBA degrees from Columbia University in NYC and London Business School in the U.K

More than ever, its become important for everyday people to take control of their financial situation, and create additional income in a smart, risk-controlled manner. This is precisely my mission. Through knowledge, education and investment discipline. Options are powerful, but they have a learning curve. I've broken down all the complexities of Options in simple language that everyone can understand. The courseware uses real trade examples, always highlighting the pluses and minuses of every investment situation. Options provide the best way to take advantage of bull cycles, bear cycles and everything in between.

As someone that has self-learnt Options and through making mistakes, I can tell you Options trading is not something you should take lightly. You will hear people talking of fantastic triple and quadruple digit returns. I'm here to be brutally honest with you - 

- Be very very careful in the first 12 months of Options trading. 

- This is when everyone is the most vulnerable to losing money. 

- Your main objective during this time is to focus on learning this craft and not lose money during this time. 

Having said that, if you can get past the first 12 months and acquire the expertise in a systematic manner, true financial independence awaits. Options are a mathematical and strategic game much like Chess, and no amount of technological advances can make this skill obsolete, because the fundamentals of Options are never going to change. 

You can trade Options from anywhere in the world, regardless of how old you are. You never have to worry about job security any more because you have a skill that can produce consistent wealth month after month. 

But you have some serious but exciting work to do before you can get there, and I'm here to help you in this journey. 

Watch my Free Course for Options Trading Beginners where I draw out a detailed roadmap of what this 12-month journey looks like, and the specific strategies you should master during each step of this learning process. 

Watch my Free Mini-courses or my YouTube channel , all of which have the highest quality of education material. 

And join me in my UDemy courses, where I share cutting-edge theoretical knowledge mixed with practical insights, strategy and impeccable execution through live trading examples. 

If you have any questions at any time, please feel free to message me on Udemy.

The order to follow on my Udemy courses

Comprehensive guide to Financial Markets, Investing and Trading

Options Trading Beginners Bundle (3-course Bundle)

Advanced Options Concepts

Options spreads and credit spreads Bundle

Technical analysis and Chart reading Bundle

After this, the order does not matter. You can take any of the courses as per your interest.

Ready to start learning?
Take This Course