Iron Condor

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We closed out our July trade for just under 9 percent gain.
See risk graph of position right before closing it out below…

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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 term and even though we’ve flattened this trade out considerably our theta is still really rich and expect to hit our profit [...]

In our previous post (May 18) we showed a risk graph of our flattened out iron condor / butterfly position right after we ‘tied it off’ with several adjustments including one of our ‘magic puts’ - in an effort to maintain some control while the markets swing around here wildly.
Today on the 20th - with [...]

Iron Condor Course - Learn How To Adjust
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We’ve pretty much tied off our current butterfly position with the 2 adjustments shown in the graph below while the market continues to whip around here with fairly big moves. This current position with adjustments will hold up well regardless what the [...]

Iron Condor Course - Learn How To Adjust
CLICK HERE
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 [...]

Interesting article recently found online detailing a particular ‘Put Condor’ trade that is quite similar to our Condor-Fly’s we’ve been trading. Take a look at the risk graph on this condor trade

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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 [...]

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 [...]