Best iron condor strategy. Master the art of flying steady in choppy markets.

Best iron condor strategy Sep 17, 2020 · A Quick Refresher On Iron Condors; Parameters For The Best Iron Condor Trades; Stock / ETF Selection; Mechanical Decision Making Process; Summary; A Quick Refresher On Iron Condors. Put Credit Spread’s bet on a stock not increasing, and a Put Credit Spread bet’s on a stock not decreasing. It consists of selling an out-of-the-money (OTM) call spread and an OTM put spread simultaneously, forming a range in which the trader hopes the asset price will remain until expiration. The 0DTE Breakeven Iron Condor assumes that only the stop loss on one side of the Iron Condor will hit. If you are trading multiple iron condors at the same time, you might want to diversify your iron condors across different asset classes. Iron Butterfly; The Bottom Line: Is the Iron Condor Right For You? Whether you are a new or experienced options trader, there are several strategies for you to utilize. Let’s have a look: Options Trading Workshop https://tinyurl. Feb 23, 2024 · The iron condor is a limited-risk, limited-profit strategy that benefits from low volatility in the underlying security while the strategy is open. 9, and I’m trying to set up a short strangle by shorting OTM calls and puts – 3 days ago · 4 Tips For Better Iron Condors. What is the Chicken Iron Condor Strategy? The Chicken Iron Condor is a variation of the Iron Condor strategy. Margin on iron condors is the difference between the strikes. Feb 6, 2025 · Among these, the Iron Condor strategy stands out for its unique structure and balanced approach, making it a popular choice for traders who expect minimal movement in the underlying asset’s price. Example of an Iron Condor Option Strategy. i've found spreads to be best for trending days and iron condors or iron flys better for consolidation days. 86 votes, 65 comments. Over the last months, I have tested an options day trading strategy on SPX I call 1 DTE High Delta Iron Condor. Best Iron Condor Strategy. Check out Tammy Chambless on YouTube. The current avg. Given the various elements of the iron condor strategy, a payoff diagram can offer a clearer picture and assist in understanding the possible outcomes based on the price of the underlying asset. Yes, the trade Dec 18, 2023 · An iron condor is best utilized when expecting a stock to remain within a specified price range. The Basics. Iron Condors are (in essence) a Put Credit Spread combined with a Call Credit Spread. Jan 7, 2025 · In conclusion, the Iron Condor is a versatile options trading strategy best suited for investors seeking income generation and limited risk exposure in stable or sideways markets. Short Iron Condor A long iron condor strategy takes the approach of buying the two inner strike options and selling the two outer strikes. The profit on the Iron Condor option strategy is calculated as return on margin. So I buy the 85 and sell the 75, and open a 65 strike on the put side, and since the CMP price is at 85 now I could sell the 100 and buy the 110. com/mr2bdkrmOptions Course on YouTube: https://www. Oct 13, 2015 · Customers find the book provides an actual strategy and case studies for trading iron condors. Aug 12, 2023 · Iron condors are one of the best options strategies for generating consistent income, especially when applied to the S&P 500 Index (SPX). Oct 18, 2024 · Also, ensure you have good market knowledge and use risk management strategies to reduce losses. Iron condors are difficult to manage if they go wrong so set these up for a max loss you are good taking if the trade doesn't work out. This is true in almost all cases. In other words, don't use all of your account's buying power in selling iron condors. If you want to know how to find a neutral strategy like this one , just sum up all the notes and tips of this article when using our options screener. I will then roll my position in the same cycle and open a call spread to create an iron condor and turn a potential loser into a potential winner. In the above example trade, the net credit is $15. Feb 1, 2022 · The maximum profit potential of one short Iron Condor is the net credit received, times 100, as standard equity options have a contract multiplier of 100 (such as options on AAPL, MSFT, SPY). Dec 15, 2023 · An iron condor is best utilized when expecting a stock to remain within a specified price range. Example of a Short Iron Condor description: SIC_11/18/22_145. Else hold the positions to So, the iron condor is a go-to for those wanting a balanced risk-reward scenario, particularly in less volatile markets. First thing first – What is an Iron Condor? An iron condor is a trade of two credit spreads – one on a call option and one on the put option – sold on any underlying for the same month. What Is an Iron Condor Example? Suppose the shares of a company’s stock are trading at ₹100 apiece. We say “26-delta” loosely. 00 = Leg 1 strike Aug 21, 2022 · There is no doubt what is the biggest risk with the 0DTE Breakeven Iron Condor strategy: Double stop losses. . Apr 11, 2023 · Why Trade The Iron Condor? There are a number of reasons why you should trade the Iron Condor, especially if you’re new to trading options. We will take a look at an example of a short iron condor below. For investors navigating the volatile currents of the stock market, finding strategies that mitigate risk and offer a higher probability of success is paramount. One of the more difficult aspects of options trading is knowing when to take a profit. 00_25. Now that we understand why Index ETFs are ideal for the Iron Condor strategy, let’s explore the four best Index ETFs for trading Iron Condors. Whether you’re trading SPY, QQQ, or other highly liquid underlying securities, using the expected move as a guide is an essential part of mastering the iron condor strategy. Is an iron condor bullish or bearish? Iron condor is a neutral options trading strategy that works best in rangebound markets. In that case, the loss per contract will be around 20 – 30 dollars, including slippage. Selling an iron condor is ideally done when option prices are heightened by increased volatility. Its defined risk and probability of profit make it an attractive choice, but it comes with limited profit potential, complexity, and the need for active management. Jul 9, 2024 · The Iron Condor Option Strategy: My Final Thoughts The Iron Condor option strategy is a sophisticated trading approach that leverages minimal price movements within a specific range. ” I like this strategy as it minimises overnight exposure but I would prefer to leg into the Condor i. Setup: – Sell OTM Call Vertical Spread – Sell OTM Put Vertical Spread May 13, 2021 · Then the trader sells an OTM call with a higher strike and buys another OTM call with an even higher strike (bear call). What is the best strategy for 0DTE? There are many options strategies traders can use for 0DTE. This article will explore trading weekly iron condors for income. What is an Iron Condor Strategy? The Iron Condor strategy is a popular options trading strategy, especially among beginners, because of its non-directional nature, limited risk, and lower volatility. Mar 15, 2023 · However, another similar method has even lower risk – the Iron Condor strategy. I’ve been in the options game since 2004 and they still form the core of my trading strategy. In this post, we’ll give you some tips on which stocks work best for Iron Condor and how to use this strategy. It is also less stressful than other 0DTE strategies as you rarely experience days with big losses. Long iron condor’s profit when the options bought rise in value. Aug 1, 2020 · The Iron Condor strategy is an income strategy that profits if the underlying stock or index stays within a specific range over the life of the trade. Conversely, short call spreads are a bearish trade. It is crucial for managing risk and maximizing profits in options trading. Iron Condors have 2 break evens, and 2 sides to their max loss. Since the SPY Index ETF has a Put skew, that would mean that the market perceived the risk to the downside. While there are many different ways to construct the Iron Condor, generally the win rate is more than 65%. We take those results and analyze them further to find the best trades. Now, let’s understand how an iron condor strategy works with an example. Jan 12, 2025 · Finally, we can sort the Iron Condor ROC by descending order to get a shortlist of highest return Iron Condors. This is a simple example of collecting a credit of roughly one third the width of the strikes as the credit is 3. Its short call has risen from the 15-delta to the 26-delta. 00 where: SIC = strategy; 11/18/22 = expiration date; 145. Feb 22, 2024 · Iron Condors is a multi-leg market-neutral options strategy best suited for range-bound stocks and markets. The Iron Condor options strategy is one of the best ways for an option trader to profit from an Dec 21, 2023 · An iron condor is best utilized when expecting a stock to remain within a specified price range. e. Some investors consider this to be a more attractive strategy than a long condor spread with calls or puts because you receive a net credit into your account right off the bat. Iron Condors have both max loss, and max profit’s. The Iron Condor is a high-probability trading strategy. Nov 10, 2011 · There are many way to adjust an iron condor, how you will adjust depends on a lot of factors, an important one is the underlying title of the iron condor. Selling iron condors can be a rewarding endeavor, but it demands vigilance and adaptability. The iron condor is an options trading technique that involves four strike prices, two puts (one short and one long), and two calls (one short and one long), all with the same expiry date. The Four Best Index ETFs for Iron Condors. Reason #1: High-Probability Strategy. Perfect for traders seeking consistent returns in low-volatility environments. I Sold an IRon Condor at $4. It benefits from the passage of time and any decreases in implied volatility. While the strategy offers a wider profit range, its potential returns are generally lower than other strategies, such as the Iron Butterfly. The Iron Condor is a highly successful and limited-risk approach that allows you to roll over and compound your profits continuously. Download it once and read it on your Kindle device, PC, phones or tablets. The Iron Condor strategy is built on four distinct options positions, each shaping its risk-reward profile. 20 delta Iron Condors at the moment. If volatility picks up a lot and the underlying is going down or up a lot the strategy might be different for the Dow30 index, or for a junior gold miner. Long Iron Condor Strategy: Also known as the reverse iron condor option strategy, It involves the exact opposite process of Feb 28, 2024 · The Iron Condor Strategy is a non-directional options trading strategy that aims to profit from a stock's price staying within a specific range. 3 scenarios: 1: Underlying is sandwiched in between your short strikes and you’re still comfortable then you leave the position to 100% profit. It’s designed to profit from sideways market movements while offering limited risk and defined profit potential. each days price action should dictate strategy. Its call spread is under pressure due to the price moving up to $436 per share. If you have any questions, feel free to reach out and if you enjoyed this article, please share it on social media. Jan 2, 2025 · Discover the iron condor options strategy: a low-risk approach to profit from sideways markets. Master the art of flying steady in choppy markets. It involves selling out-of-the-money (OTM) options (both calls and puts) and buying even further OTM options as a hedge. The iron condor is an improvisation over the short strangle. Oct 22, 2024 · Short Iron Condor Strategy: This one is the most common, selling options in the middle and buying the outer ones. Risk Management Tactics – Discover how to hedge, minimize losses, and protect your portfolio from market Jul 11, 2013 · If you are willing to take less profits you can also trade iron condors with 90% winning probability – and that’s the best strategy for beginners. The net debit paid for a long iron condor spread rises when volatility rises and falls when volatility falls. You can think of this strategy as simultaneously running an out-of-the-money short put spread and an out-of-the-money short call spread. Have a look at this – I’ve taken this snapshot from Sensibull’s Options Strategy Builder. It’s actually pretty sim Feb 23, 2025 · The Iron Condor is a widely used options calculator trading strategy that enables traders to profit from low volatility with minimal risk. Long iron condors are best suited for directional traders who expect either upside or downside moves. Feb 11, 2021 · An iron condor is a multi-leg, risk-defined, neutral strategy with limited profit potential. Iron Condor Adjustment: Delta Hedge. Apr 10, 2023 · One of the best option trading strategies on the sideways trend is a rather complex but effective strategy called “iron condor. It's over 5,000 words, let me know what you think. Optimal structuring of an iron condor balances strike selection and expiration timing for risk management. Enter the iron condor, an options strategy designed to provide a neutral stance in the market while limiting risk exposure and enhancing potential profits. Maximum profit potential is the credit received at the outset of constructing the position and is earned if the underlying asset does not move much (that is, it settles between the two inner sold there isn't just one. The strategy shown in the pic is using Bollinger Bands with 60 day window and 5 standard deviations, but plenty of other slight variations like 90 day 3 standard deviations get Sep 5, 2023 · If you trade an iron condor on an individual stock, the underlying stock can make a large price move due to an earnings announcement, product announcements, or unpredictable CEO announcements. Four-Leg Composition. Selling covered calls or the wheel strategy is often used by newer traders and it works well provided the stocks used are good. Want To Learn More About How To Trade Options? What is an iron condor options strategy? An iron condor is a neutral options trading strategy that combines a bull put spread and a bear call spread, using four different strike prices. I had set the Limit buy at $1 however it was bought at (-$3. 42. “Here is a copy of the Excel trade log for ease of use. 0DTE = Zero Days to Expiration. By setting up this strategy, traders collect premiums upfront, profiting when the price of the underlying asset remains relatively stable. Jan 20, 2022 · A long iron condor consists of buying a put spread and a call spread at the same time. Jun 14, 2020 · 14. 👇Click read more to get our downloads and links👇👉💸 Get Scott's Weekl Nov 8, 2022 · Gavin, I don’t think the link is active i. Is iron condor the best option strategy? The suitability of the Iron Condor as the best option strategy is contingent on market conditions and personal trading preferences. Jan 18, 2021 · Iron condor strategy scanner. A checkbox is provided on all Views to "Show Strategy Description" in the view. Dec 18, 2021 · An iron condor is an options trading strategy that involves selling both a put spread and a call spread on the same underlying stock or index, with the goal of earning a net credit. When selecting Index ETFs for trading Iron Condors, it’s essential to consider liquidity, options volume, and the number of strikes available. Jul 28, 2014 · Iron Condors is the third book in the "Best Option Strategies" series and each offers a hands-on education for some of the most useful option strategies. In my example below, I am looking at 10/30/23 expiration date and taking a conservative approach. Oct 12, 2021 · What Is An Iron Condor? An iron condor is a popular options trading strategy that involves selling both a put spread and a call spread on the same underlying asset, with the goal of profiting from a relatively stable market. What Is The Success Rate Of An Iron Feb 18, 2025 · Stock option screeners for iron condors, double diagonal, butterfly call spreads, butterfly put spreads, calendar spreads and calendar straddles. Readers feel confident in making iron condor trades after reading this book. We will then contrast the benefits and costs of trading more frequent weekly iron condors vs. The Fundamentals of Iron Condors. The iron condor strategy shines when you expect a stock to stay within a specific price range Iron Condor Strategy - What you need to know, how to profit, & when they work BEST. It involves setting your strike prices closer to the current price to get a higher credit, but this also increases risk. The iron condor is a four-legged option setup. i like to stay flexible and limit my risk. In their episode, they recommended the following strategies for trading an Iron Condor: Sell the 16 delta call option & put option; Buy the 5 delta call option & put option as a hedge; Close the position when 50%+ of max profit was achieved. Iron Condors cap upside profitability while limiting downside risk, but the downside can be greater while the upside tends to have a higher probability. An iron condor consists of two vertical spreads – a bull put spread and a bear call spread. I’ve been doing iron condors for a while and while my strategy isn’t what the “book” teaches you it’s what works for me. Some tips to increase the number of good trades: Dec 12, 2024 · The iron condor works best in neutral or range-bound markets where significant price movements are unlikely. This strategy profits when the underlying asset's price remains within a defined range at expiration. An iron condor represents a 'market neutral' trade, which means there is no inherent bullish or bearish bias. This creates a position Timing is critical for a successful iron condor strategy. It involves two long and two short positions on puts and calls with the same expiration date and four strike prices. The Basics; The Benefits; The Tasty Trade recently published a video episode on trading iron condors. It is intended to be very different from all other books about iron condors. A congregation of like minded people who shares how to reach closer to being financially secure, independent, how policies affect our ability to reach FI and different ways to manage our wealth for it. Feb 14, 2024 · Also Read: Best Options Strategy. Rut Iron Condor Example; Rut Iron Condor Example 2; Iron Condor Example 3; Rut Iron Condor Example 4; Iron Condor Examples. youtube. Use features like bookmarks, note taking and highlighting while reading Iron Condors (The Best Option Strategies Book 2). co/43Yy2c9The Iron Condor… Don’t let the name intimidate you. The strategy generates profit if the asset's price remains within the range defined by the strike prices of the sold options. Let’s go straight to the point about what the 0DTE Breakeven Iron Condor strategy is: – It is a day trading strategy on SPX – the index option for the S&P 500 index. It is defined as a risk instead of an undefined risk (such as SPX only I’m up about 14% ytd selling 5 delta 0 DTE iron condors. Each component plays a crucial role in defining the risk-reward profile of the iron condor strategy. Dec 18, 2024 · All options within the iron condor strategy have the same expiration date. Collect every last drop and move on to the next day. Jul 17, 2021 · Iron Condors are one of the best structures for investors to generate income while still being a risk defined strategy. This strategy involves selling one out-of-the-money put and one out-of-the-money call while simultaneously buying a further out-of-the-money put and call, all with the same expiration date. They find the details explained clearly and easy to understand. Jul 21, 2024 · The 0DTE Breakeven Iron Condor strategy. If you're bullish, a short put spread benefits if the stock price goes up. Feb 7, 2025 · An online tool assists options traders in constructing and analyzing a neutral options strategy involving the simultaneous sale of a put spread and a call spread on the same underlying asset. For example, if you trade 2100/2110 call spread, the margin will be $1,000. For instance, a trader might use such a tool to determine appropriate strike prices and expirations Apr 11, 2022 · It is a 4-legged options strategy. The trade aims to make a profit from stable stock prices and / or a drop in Feb 26, 2025 · A more sophisticated options strategy, the iron condor is a risk-defined way to profit from low volatility by selling an out-of-the-money (OTM) put spread and an OTM call spread, collecting a net An iron condor is the defined risk version of a strangle with a capped max profit and loss ; An iron condor benefits from the passage of time and the options expiring OTM ; This options strategy is directionally unbiased ; An iron butterfly has more potential for profit, but it comes at higher risk with the strikes being right at the stock price Aug 5, 2024 · The iron condor is a tried-and-true options trading strategy that reduces risks while offering a fair amount of upside potential. true range on SPY is just under $6, so I am using a starting strike price that is $7 from Friday's closing price, rounded to $411, to increase my odds of success. For me that is a fantastic return, at least compared to other strategies I have tried. Sep 22, 2020 · Iron Condor. The Best Iron Condor Entry Points Right Now Feb 8, 2025 · Iron condors consist of a bull put credit spread and a bear call credit spread sold out-of-the-money with the same expiration date. Long iron condor spreads are sensitive to changes in volatility (see Impact of Change in Volatility). Understanding the Iron Condor Feb 27, 2022 · But with theta of 4. 42). Low-volatility periods Oct 31, 2024 · Frequently Asked Questions about Trading an Iron Condor Is the Iron Condor Strategy Profitable? The iron condor strategy can be profitable, especially when implied volatility is high, and the stock price remains within a defined range. Iron Condors are comprised of 2 credit spreads for a total of 4 trades to execute. In this example, we use Tesla’s (TSLA) stock iron condor with 20 days left until expiration. 00, which results in a maximum profit potential of $1,500 per Iron Condor sold: In this video we will learn how to trade in Nifty iron condor strategy with best adjustment | 2% return in a week ----- The tradeoff is that a long iron condor spread has breakeven points closer to the current stock price than a comparable long strangle. Jan 6, 2023 · Long Iron Condor vs. Identifying these periods requires analyzing historical data and current market conditions. Apr 12, 2020 · Iron Condors are one of the best option strategies. What is the best iron condor strategy? The best iron condor strategy depends on your trading goals, risk tolerance, and market conditions. Throughout any trade, stocks can move one of five ways: Sep 13, 2020 · By using a random number generator it makes it completely random and means I haven’t cherry picked the best entry points. Contents. The Strategy Description can be helpful in breaking down how the options strategy was built. Our scanner checks all possible iron condor combinations for all stocks that fit the criteria and shows you the best Iron condor for each stock for your consideration. Tools like the Volatility Index (VIX) can indicate when markets are calmer. A well-crafted Iron Condor strategy represents not only a conservative income-producing version of credit spread income investing, it is a credit spread technique that is operating on steroids in the monthly income production department. 3 and vega around -21 this means each day that passes the iron condor decays by $4 and for each point of IV decline, the iron condor makes $21, all else being equal. By simultaneously opening a bear call spread and a bull put spread, traders can harness the stability of the asset’s current price to generate strategy profits Oct 8, 2024 · An Iron Condor is an options strategy that allows traders to profit in a non-directional market. ” In this piece, we will present you with a comprehensive guide to the iron condor strategy and give examples of how to use it to your advantage. Example of a Long Iron Condor description: LIC_11/18/22_145. I've been playing around backtesting opening up Iron Condors against the S&P500, creating a strategy that relies on a very high win rate to make up for the low return. Option traders who trade iron condors will often base the credit spreads off potential support and resistance levels. An Iron Condor is a directionally neutral, defined risk strategy that profits from a stock trading in a range through the expiration of the options. Aug 14, 2023 · The iron condor option strategy is a popular strategy. Here is the essence of the strategy: I sell Iron Condors on SPX with the delta on the shorts between 5 and 15. Functionally it is the polar Iron condor adjustments are modifications or revisions made to a trader's iron condor strategy. Iron condors and iron butterflies are neutral 0DTE option strategies if your bias is a rangebound stock. Step-by-Step Trade Execution – Learn how to set up, adjust, and exit Iron Condor trades for maximum profitability. UNDERSTANDING THE IRON CONDOR STRATEGY Feb 18, 2025 · A checkbox is provided on all Views to "Show Strategy Description" in the view. 00 where: LIC = strategy; 11/18/22 = expiration date; 145. The expiration date determines when the options contracts expire and the strategy's outcome is realized. Jan 5, 2022 · What is Iron Condor Options Strategy? Advantages of Iron Condor Options Strategy Disadvantages of Iron Condor Options Strategy Iron Condor Example; Iron Condor Vs. iron fly - iron condor - butterfly - ccs - pcs - cds - pds - and anything else that proves effective. By executing the SPX iron condor strategy, you can optimize the probability of profitability and achieve reliable weekly or monthly income. The strategy profits if the underlying stock price stays within a certain range between the strike prices of the two spreads. Here you'll find: Iron Condor Options Trading Strategy - Best Explanation How to Sell Put Credit Spreads for Weekly Passive Income You can TRIPLE your income The strategy. Based on the Options Scanner filter settings, here is the list of the safest and highest return 0. When is the best time to implement an iron Sep 14, 2017 · Iron Condor Profit/Loss and Exit strategies. For these iron condor examples, I’ll be using Option Net Explorer for the back test I am exploring a 0DTE Iron Condor Spread strategy on SPY. Learn setup, advantages, and risks of this four-legged trade that thrives on stability. Jan 28, 2025 · By positioning your iron condor just outside this range, you increase your chances of success while keeping risk manageable. In this case, profit is gained from time decay and relatively stable price action of the underlying asset. The book is a good resource for learning about iron condors, providing a solid how-to guide. Jan 13, 2025 · The best iron condor strategy is one that remains flexible and responsive to market conditions. Iron condors can be great, but definitely use them in moderation. 3x stop loss on the credit received on each side of the condor. 06 on a 10 point wide IC. This strategy works best in a market that does not report high volatility. Traders use this strategy to generate income while limiting their potential losses. com/watch?v=w_BjFmbwbYA#optionsstrategy #ironcondor #op Feb 21, 2025 · An iron condor is an options strategy that involves four different contracts. Feb 23, 2025 · Iron Condor Basics – Understand how this powerful strategy works and why it’s ideal for steady income generation. The objective is to capitalize on low volatility in the underlying asset, leading to maximum profit if the asset closes between the middle strike prices at expiration. XLE. In short, it includes selling a high delta Iron Condor with very wide widths a few minutes after the market opens one day before expiration and closing it as soon as it hits the stop loss or a profit level of 5 – 10 % of the credit received. true. What is Opposite of Iron Condor Strategy? The opposite of an Iron Condor would be strategies that benefit from Jun 11, 2020 · Download the Iron Condor PDF Iron condors are I’ve had a few people ask me recently for my iron condor pdf strategy guide, so here you go. as 2 vertical credit spreads and only put them on when the 5 min or 15 min is oversold RSI(2) 95-90 for bear call, then enter on the first reversal bar usually when price moves above The Iron Condor strategy is an income strategy that You can see the 90 day condor performed by far the best out of the 3. 60 on 7-Jun and bought today 10-Jun at $-3. monthly Iron Condors. Apr 21, 2023 · The reason I did a skewed Iron Condor as opposed to a fixed-width Iron Condor (i. Iron condors benefit from minimal price movement from the underlying security. Short Put Nov 23, 2024 · The Iron Condor works best in low-volatility environments where the underlying asset is expected to stay relatively stable. Directional Assumption: Neutral. As you can see, Nifty is at 9972. This strategy works best in low-volatility markets, where prices remain stable and predictable. Both of these spreads must be of the same width and expiration. 2 – Iron Condor. Best Iron Condor Strategy for Income Investors. It involves selling both a bearish and a bullish spread on the same underlying asset, simultaneously. Iron condors are simply a combination of a bull put spread and a bear call spread. The total profit is reflecting as 460+342 in the tool. She knows her shit thru and thru. 📣 LEARN ABOUT OUR PROFITABLE TRADING SYSTEMS | https://skyviewtrading. 00 = Leg 1 strike Jul 27, 2014 · Iron Condors (The Best Option Strategies Book 2) - Kindle edition by Wolfinger, Mark. $10 or $20 wide on both sides) was that I wanted to play into the skew of the SPY Index ETF. By selling both a call spread and a put spread, you receive a net credit upfront. Iron condors have no directional bias and capitalize on a decrease in volatility and minimal movement from the underlying stock. Generally, an effective approach is to select a well-defined range for the underlying asset’s price and sell out-of-the-money (OTM) put and call options to collect premium. rcrp tpzcv icj hbi akolg ebtel gzrtbgh xnziglw ktuu ymjt wgu gcbbqa xdokus cqoos sllcqp