Iron Condor

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July RUT Iron Condor  With ‘Whipsaw Curbs’

We launched our July trade this last week and so far so good. We’ve put some curbs in place for any big moves that might occur short [...]

Iron Condor Course - Learn How To Adjust
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One of the fastest and easiest ways to hedge / adjust the type of option income trades we do (like iron condors, butterflies) is to simply purchase a cheap extra long call or put in the direction that the market is heading.
While some [...]

The iron condor strategy is used by option traders ideally in non trending situations. The spread takes advantage of theta decay in options – as the day progress moving towards expiration day, all options are losing value – and in the case of the iron condor strategy – as long as the ‘sold’ strikes of [...]

There are a number of different ways to trade the iron condor options strategy.
It seems as though many option traders prefer the wider and higher probability condor. This options spread usually has wings on either side, spread wide apart on the risk graph screen. The wider the two credit spreads are placed apart from each [...]

The iron condor option strategy is an option spread that allows the option trader placing the trade to realize a good return on investment in a relatively short amount of time by ‘betting’ on where the stock or index being used WON’T go within a specified period of time.
Instead of trying to guess which way [...]

Upon first learning about iron condors, many new option traders will just put them on without having a full plan in place for how to manage the trade if it goes against them - or how and when to close the trade once it is profitable - or if they will even close it at [...]

There are two faces to the iron condor spread.
The first face is the one most new traders are introduced to. When the iron condor and the rookie option trader first meet - usually the picture that is painted of the iron condor is one of magnificence - grandeur - a wonderful, little known, very difficult [...]

The iron condor spread is actually constructed from other option trading spreads.
For instance, the iron condor is built from two seperate credit spreads - both a bull put spread - which is a credit spread constructed from puts with the traders view that the stock or underlying is nuetral to bullish - either staying in [...]

Of all the various option spread strategies, the iron condor strategy is one of the most popular, the most talked about, the most used - and possibly the most misunderstood.
When many retail traders first start dabbling in options trading before long they come across the iron condor spread - either from an online ad, a [...]

At the heart and soul of the iron condor trade is the credit spread option strategy.
Credit spreads are a way for option sellers to sell premium without the risk of doing so naked - or uncovered. Because the credit spread is comprised of 2 options - the sold option and the purchased option to ‘cover’ [...]