
Explore the iron condor, a non directional strategy using a call credit spread and a put credit spread to profit from a range bound market.
Use the straddle price and one standard deviation to pick the short strikes; sell 230/228 put and 244/242 call spreads for about $57 credit and $143 risk.
Discover how to adjust an iron condor and choose the number of contracts to manage risk, using a next-month long leg for protection in a non-directional strategy.
Explore the unbalanced iron condor, a directional variation of the traditional iron condor leveraging market bias to set asymmetric put and call spreads.
Evaluate volatility before trading iron condors; with low volatility, decay is limited and risk rises if volatility spikes, so downsize, use diagonals or calendars, and set tight stops.
An iron condor on SPY expires tomorrow; I won’t close due to commissions, letting it expire worthless unless the market moves toward a side, with stop-loss adjusted to 10 cents.
Open a spy iron condor with put and call credit spreads, collect 60 cents, and adjust through expiration to achieve a net profit of 23 cents per spread.
The Strategy will work today and in future
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The Most Popular Options Trading Strategy is the Iron Condor
Iron Condor is a Non Directional Options Trading Strategy. It consist of 2 Credit Spread. A Call Credit Spread and a Put Credit Spread. The strategy make money if the market remain range bound between the 2 short strike hence it is a non directional play.
But there is a lot of element in place in the Iron Condor. There is high probability and low probability iron condor. It doesn't mean a high probability iron condor will be better then the low probability iron condor. The risk is different. The adjustment strategy is different.
What about volatility, should we be concern about the volatility level when we are doing a Iron Condor. Understanding that we are selling volatility in a Iron Condor, we prefer to sell in a high volatility environment.
What happen when trade went wrong, do we take the full loss of a Iron Condor if not how do we adjust our trade and minimize our losses. Likewise do we wait for expiry to capture all the potential profit or should we set a level to take profit.
This are all critical question to ensure one success to trading a Iron Condor.
And in this course you will learn all about it. From setting up a trade, to managing it winner and adjusting a bad trade.
There is only 1 objective in the course that is to help you to success and make Money