Master the Iron Condor, the King of Time Decay strategies, and learn to optimize your options trading for maximum profit and reduced risk.
The Iron Condor course dives into one of the most popular options strategies, focusing on time decay and income generation. You'll learn how to construct an Iron Condor, understand its mechanics, and explore adjustment strategies to manage risks effectively in different market situations.
The Iron Condor is one of the most popular Options strategies, and it is the undisputed "King of Time Decay strategies".
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
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
Understand what an Iron Condor strategy is
Master the trade setup criteria for an Iron Condor
Understand the profit mechanics from an Iron Condor
Knowledge. Strategy. Execution. Hari Swaminathan is the founder of OptionTiger, a cutting-edge Options mentoring company, and a full-circle educator in all areas of Financial Markets, Hari has developed several proprietary Intellectual Property "methods and approaches" around enhancing base case Options strategies (which favor the Market Makers) and turns that deficit into a massive EDGE on the trader's side.Hari has a...
I am already using Iron Condor for my trades and was looking for a better way to make adjustments. This tutorial helped me with that. Recommended.
Learned how to better manage my trades.
Not So much Informative - Even Not Viable
Yes. It clarified my ideas.
Basics of IRON condor understanding is good. But Adjustment of IRON condor is not clear. Need to be spoon feed in better way if our IRON condor goes in a wrong direction. How to exit with zero loss.
The explation all very good. Thank you very much.
- it would be good to have live example on different adjutment
ADJUSTMENTS POTION COULD HAVE BEEN BETTER
Good easy explanation
adjustment part not taught
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Soumen G.
Was looking for adjustment; unfortunately all was presented in the course was some verbal explanation as to how to adjust which was not helpful without any live/mock demonstration. Pretty disappointed.