"Iron Condors" may offer regular, steady income at less risk for traders with patience. For information and education a new section is added to "Potato Peelings" featuring an Iron Condor that will be followed daily on the Blog. This first Condor is on the SPX and the options expire in May. It should not take long to see some results. The Iron Condor strategy takes advantage of Time Decay (Theta) as a way to make a profit. It is a combination of two Strangles. This is considered a (Delta Neutral) trade where the hope is that the underlying does not move up or down very much. The market moves sideways 60% of the time and the Iron Condor can take advantage of that behavior. The SPX chart can be viewed near the bottom of the Blog by scrolling down. Comments and questions are welcome.
Sunday, April 26, 2009
Condor Country Construction Site
"Iron Condors" may offer regular, steady income at less risk for traders with patience. For information and education a new section is added to "Potato Peelings" featuring an Iron Condor that will be followed daily on the Blog. This first Condor is on the SPX and the options expire in May. It should not take long to see some results. The Iron Condor strategy takes advantage of Time Decay (Theta) as a way to make a profit. It is a combination of two Strangles. This is considered a (Delta Neutral) trade where the hope is that the underlying does not move up or down very much. The market moves sideways 60% of the time and the Iron Condor can take advantage of that behavior. The SPX chart can be viewed near the bottom of the Blog by scrolling down. Comments and questions are welcome.
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