Iron Condors Live Trade example
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.
How to construct an Iron Condor
Double Premium and Half the risk features
Choosing the right strike prices for Iron Condors
Adjustments for an Iron Condor
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