This is best when the stock has low volatility and small profits are the target. Other strategies, like the long call or protective put, are much better strategies if you’re just getting started. The Iron Condor is an options trading strategy used by many option traders for generating monthly income. Here’s an example, consider Bank Nifty trading at 20000 levels currently, to create Iron Condor Strategy, the following trades needs to be executed. Learn about this strategy here. Let us say that Mr. ABC has decided to execute a Long Iron Condor strategy on Nifty. I am not responsible for any investment decision you take after reading any article in this website. Whats wrong in making 2% in 10 days? This course is good if you have a regular job or business. One more point: Sometime volatility will drop after you have traded an iron condor – and you will be in good profit in few days. What is an Iron Condor strategy? TheOptionCourse.com Copyright @ All Rights Reserved Dilip Shaw, Founder. The purpose of this article is to explain an automatic an easy way to close an Iron Condor. Depending on profits I should also close my puts and bring them up one position to make more money. Follow the "one-third rule" when trying to adjust. Usually, all the four options are equidistant from each other. Now you would like to know what I did? 8. You have to have patience while trading. 4. As a directionally neutral strategy, iron condor trading does not require you to forecast the market direction. Testimonials Year 2015 Page 2 You can trade iron condor if you want. Here are the details: 1. You learn when to trade, which strikes to sell which to buy, how much profit target you should be looking for, the best place to take stop loss and what to do after taking stop loss – means how to get that money back. Even though you know your maximum risk but why wait if you can recover the same money in that month and lose nothing? I am very confident that you will make money trading my strategies. In this strategy, we have around 9600rs risk which can easily recover by adjustments. closing price. However please note that this should be done early as otherwise it will get costly to close the condor. However its easier said than done. If you are willing to take less profits you can also trade iron condors with 90% winning Also, as we shall later see, Long Iron Condor has a similar payoff structure as a Short Call Condor or a Short Put Condor. That said, Theta turns positive when the position becomes profitable, meaning time decay now starts benefiting the position. Greed is the biggest enemy when trading iron condors for living. Thank you Mr. Ramanujam. Right now I have a May SPY Iron Condor (111/112 puts and 125/126 calls) and of course my negative delta is becoming greater as the market is melting up. Strike selection while trading Options is the most essential part to succeed. good that you are starting options trading with spreads i.e Iron condor. As you can see, the iron condor option strategy is designed for veterans. TA Knowledge NOT required Within one month you can start trading on your own. Volatility benefits as long as the position in unprofitable. Now what if you think in this month nifty will not close beyond 6000 and not fall below 5500? As you can see, super trend when applied on 3 mins time frame, it generated 351% before charges, but after we applied the above various transaction cost, we realized it doesn’t generate any profits at all, it broke. 11 Reasons Why You Should Do The Course: Is it safe to trade iron condor option strategy now. The objective of the iron condor options is to allow traders to profit if the underlying instrument is not moving that much by expiration date. In other words, see that the distance between the lower and the lower middle strike is equal to that between the higher middle and the higher strike, However, sometimes, traders keep the distance between the two middle strikes slightly wider than between the outer and the middle strike to account for a higher profit, The spread between the strikes will be a trade-off between the cost/risk of the strategy and the potential reward, The wider the difference between the adjacent strikes, the higher will be the cost and the risk but so would be the reward, and vice versa, Similarly, the wider the difference between the adjacent strikes, the wider would be the loss-making zone, and vice versa, As this is a neutral strategy that benefits from rising volatility, ensure that you execute this strategy when expiration is far off, as this would give you sufficient time to go right, As the risk/cost tends to be higher than the reward, execute this strategy only when the risk reward ratio is acceptable to you, Ensure there is sufficient liquidity in the underlying that is being chosen to initiate this strategy. Iron condor is a risk defined option strategy with a high probability of winning. If its in a range it will be in profit in a few days. I am a trader like you. We think ever trader should run this strategy with proper rules and make money as it’s easy but one of the most powerful strategies. A 700 points wide iron condor will have a 80-90% probability. max loss - should nifty go beyond any of the strikes sold is - 100. strategy is neither right or wrong...but depends on your view. One question I always get from newer options traders is how you can possibly make a profit without getting the stock price direction to move in your favor. Short Iron Condor. Surbhi. or do we need to follow your tips also . But the most liquid and most traded segment in India is Index options, if one can build a robust strategy with options, he can easily make consistent returns. So 60000.00 + 4445.00 = 64,445.00 – this is approx cash locked in my account for this trade for margin money. Mumbai: Traders in the F&O market are being advised to play an iron condor strategy on the Nifty by derivatives analysts at leading brokerages. I DO NOT give tips or advisory services by SMS, Email, or WhatsApp or any other forms of social media. This strategy gives profit when the underlying stock or index stays within a certain range over the life of the trade. I could have visited your website much before to avoid un-necessary losses incurred in last 6 months . P.S: So many years of trading has thought me one thing – it is always better to make small profits month after month, rather than lose money month after month trying to make too much money. This is a non directional strategy consisting of 4 legs. Hey Dilip, You can start trading from any day. A "turn-key" system where all you have to do is put on one trade a month and you're on your way to instant riches. It means my maximum loss in this trade is 5510 wherever nifty closes and maximum profit is 4490 if it closes between 6000 and 5700. Copyright Infringement: Any act of copying, reproducing or distributing any content in the site or newsletters, whether wholly or in part, for any purpose without my permission is strictly prohibited and shall be deemed to be copyright infringement. Close the losing leg in small loss (in my case the sold call) and let the other leg expire worthless. Iron Condor. If you want to use iron condor tools which is already readymade to use, you can try this: http://fyers.in/bearish-on-volatility-iron-condor/. Iron Condor is a non-directional option strategy, but with risk controlled as we hedge the position by buying options. Here is a video that does a decent job at showing what profits to expect: Also be warned that broker commissions and bid-ask spreads are very often to big to make iron condor trading sustainable. But what’s more important is how to handle the 30% losses. Started trading again from 2011 and never looked back since. Iron Condor is a non-directional option strategy, but with risk controlled as we hedge the position by buying options. 6. I have been trading since 2007, but lost a lot of money till 2010. 1) can i become proficient enough to generate the calls and can succeed surely ? Suppose Nifty is currently trading at 10,400. Iron Condor strategy is a range-bound strategy and works well in a sideways movement. Trading the Iron Condor. An iron condor is typically a neutral strategy and profits the most when the underlying asset doesn't move much. Buy 7700 Put Option = 19.40 X 100 (4 Lots) = 1940 (Debit) As soon as put the trade on 26-Apr-2013 – nifty started to rise – a worst case scenario. Trading hours extension will not effect my strategies as they are fully hedged. Thus, as time passes, the call spread, and the put spread each lose value, and eventually, you can buy both spreads to exit the iron condor with a profit. Stock investors would make money in the first two of the above five scenarios. Iron condors are often marketed by advisory services and brokerages as a “high probability” trade. We will come later to what I did, but lets first discuss what you can do when your iron condor is in danger: 1. This is a conservative strategy and works very well on Nifty. What you should do is pick out points where the market has moved enough to require you to adjust the trade. The iron condor is generally considered a combination of two vertical spreads—a bear call spread and a bull put spread. Since trades are properly hedged there is no stress in trading my strategies. Rien à voir avec le grand condor des Mystérieuses cités d’or. Time decay hurts the position as long as it is unprofitable. 1. All Rights Reserved. Hedge give protection for 24 hours – it does not matter if the markets are open every second if you hedge your trades. Another thing you should keep in mind when trading iron condors is that you should go as far deep OTM as possible if that makes sense. Iron Condor Trading looks like the perfect strategy. However every trade depends on the trader and his level of risk taking capability, knowledge and experience. THE IRON CONDOR STRATEGY - KING OF TIME DECAY STRATEGIES. Iron Condor strategy is one of the most complex nifty options trading strategies India for the beginners. Notice that this strategy has an opposite payoff structure as compared to a Long Call Condor or a Long Put Condor. Buy 8500 Call Option = 37.15 X 100 (4 Lots) = 3715 (Debit) Another benefit of this trade is we will know exactly where to take profits out. Short 19800 Put … If you donâ€™t know what credit spreads are, this article will help you to know about credit spreads. The further you go, the probability of wining be more. My losses would have been much more than my max loss. The Iron Condor strategy is an income strategy that profits if the underlying stock or index stays within a certain range over the life of the trade. Strike price of OTM long Put = 9000 . Difference Between Other Courses And Mine "BUY NIFTY 8900 CALL @ 177" "SELL NIFTY 900 CALL @ 93" "SELL NIFTY 9100 CALL @ 38" "BUY NIFTY 9200 CALL @ 12" PAY OFF TABLE :- Strike price. Also, I was thinking of taking your paid courses. That means you need to trade 4 option positions simultaneously to execute this strategy. Take a small loss before it escalates. Well if you want to know the winning percentage – its close to 70%. I then stopped trading and studied options like college exams. The Strategy. It had reached almost 5900 when I put on the trade. Similarly you can sell a 5500 put and buy 5400 or 5300 put as per your risk. The limited profit-loss strategy banks on the bellwether index witnessing limited volatility either side during the current series (expiry January 25). I am Dilip Shaw. I liked your article and want to know some more. Notice that both maximum loss and gain are known beforehand and are limited. you can sell an iron condor for that month. Lets us Trade a Reverse Iron Condor Now: Nifty on June 12, 2015 closed at 7983. The strategy aims to benefit the initiator through a fall in options’ implied volatility once the event concludes and also theta, or time decay. 2. The iron condor is a limited risk, non-directional option trading strategy that is designed to have a large probability of earning a small limited profit when the underlying security is perceived to have low volatility. Next post: Why Buying Options Will Not Make You Money, Previous post: Nifty Credit Spread and Adjustments. Maximum profit using the short iron condor strategy is obtained when the price of the underlying security drops below the strike price of the short put option or is higher than the strike price of the short call option. 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". Justified, isnâ€™t it? Iron Condor = condor de fer en anglais. Iron condors are great strategies because you get to trade a neutral strategy for a smaller margin. Well it did and that is the reason I took this month’s example. 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 options at expiration). Sell 5700 Put Option: 23.45 * 100 (2 lots) = 2345 (credit). When nifty or any stock is rising the system makes the calls costlier and vice verse. What to do after taking a stop loss to recover the lost money. The details of the strategy are as below: Strike price of OTM short Put = 8800. Let us say that Mr. ABC has decided to execute a Long Iron Condor strategy on Nifty. Iron Condor Strategy. 2. But how we will know that this particular stock will remain range-bound. The options that you sold (1230 call and 1120 put) are always worth more than the options that you bought (1240 call and 1120 put).That means they gain or lose value more rapidly. Create a wide-wing iron condor following the steps above, until the Iron Condor is complete. Nifty was already in a bull run since 9-Apr-2013 from touching of a low of 5487. A Long Iron Condor has two breakeven points: lower and upper. The success rate is more than 80%. Iron Condor Strategy. More Resources . That exactly I teach in my course. Strategy setup – "Iron Condor" in Nifty. You can read about me here. However one thing is clear – you should take action before you start losing a lot of money. 2) please confirm the strategies can work for intraday or ONLY for positional calls ? That said, Vega turns negative when the position becomes profitable, meaning rising volatility now starts hurting the position. I strictly adhere to laws of my country. The long call condor strategy can be used if expect very little volatility in the index and market to largely remain range bound. Like Our Facebook Page And Get Instant Post Updates For Life. I did a lot of research, read books and did countless paper-trading before being profitable. On the other hand, maximum gain under this strategy occurs when the underlying price either falls below the lower strike price or rises above the higher strike price. As the underlying price moves away from the midpoint of the two middle strike and approaches either the lower or the higher strike, Gamma tends to move into negative before bottoming out around these extreme strikes. Both profits and losses under this strategy are limited. NIFTY IRON CONDOR STRATEGY FOR MARCH 2017 As the market is very lackluster so in this kind of market we suggest you iron condor strategy which is limited risk & limited return strategy. Stress-Free Trading FREE Support For Months. Since the losses are already limited taking the stop loss is optional. However my first 3 years were losses. No need to monitor trades every second. Thanks, It's a statistically based trade, and you should treat it as such. Buy 5600 Put Option: 12.75 * 100 (2 lots) = -1275 (debit) Iron condors is my favorite strategy to trade nifty options month after month. You get two conservative non-directional strategies on options, one conservative stock option strategy and two conservative directional strategies on Future & Option combination. In other words I am a sub-broker. 5. This page explains iron condor profit or loss at expiration and the calculation of its maximum profit, maximum loss, break-even points and risk-reward ratio.. Iron Condor Basic Characteristics. If you are willing to take less profits you can also trade iron condors with 90% winning Jun 4, 2015 - Iron condors is my favorite strategy to trade nifty options month after month. Like an easy bake oven. The details of the strategy are as below: Strike price of OTM short Put = 8800. What happens if my view goes for a toss and nifty starts to move in one direction and my real fears come true? You can put on the condor again and get your money back. This is because the higher the volatility, the higher would be the probability of the position becoming profitable. Testimonials Year 2015 Regards. That we discuss later. I actually take a trade that is successful 95% of the times after my Iron condor hits a stop loss. My conservative trading course since 2014 is helping many retail traders just like you who have a job or business make consistent profits like this: What Traders Say About This Course Whether it works or not will depend on a lot of things like Volatility, and Nifty movement. . Is high volatility at the time of trading preferable for Iron Condor? Volatility drops or stays in a tight range. This is because this strategy can profit either from a down move in the price of the underlying or from an up move. Iron Condors can almost be completely automated. 3. Email : email@example.com. 4. Non directional trades are profitable 80% of the times and make 3-5% per trade (Results may vary). Strike price of OTM long Put = 9000. This is how the results are, considered fixed quantity of 20, with capital 75000, to trade 1 lot of bank nifty futures currently 75k is more than enough. The stock option trade makes 30,000 in one trade and if SL is hit there is a way to recover losses plus make 30k in that trade. To know more Call/SMS/WhatsApp me on 9051143004 or email me now. Well if you want to know the winning percentage – its close to 70%. Here the profit and loss graph of an Iron Condor: You can see in the graph that profit and loss is limited in Iron Condor. As you can see iron condors can be profitable even if your view is wrong. THE IRON CONDOR STRATEGY - KING OF TIME DECAY STRATEGIES. Testimonials Year 2018 However the same problem exists here – what if nifty starts heading south? 9. Eventually the win will come. The maximum potential loss is simply the debit incurred when putting on the four option positions. An iron condor is a created when you sell an out-of-the-money call and put and … This I done to make an even field for buyers and sellers. Testimonials Year 2016 My aim is to make you a better & disciplined trader with the stock trading and investing education and strategies you get from this website. I’m creating an iron condor options strategy in SBIN and keeping a range 240-270 in mind. This strategy is a combination of buying long and short positions in two different strangle strategies. Doing so increases the profit potential, but also widens the loss-making zone. What Others Charge for Courses. An iron condor is an options strategy that involves buying and selling calls and puts with different strike prices when the trader expects low volatility. If you let an iron condor run wild, it can hurt your portfolio and cause a max loss in the position. 10. In my case I should close the 6000/6100 leg and sell/buy the 6100/6200 calls. But small money accumulated month after month can become very big in only a few years. Strike price of OTM short Call = … How do you pick out your adjustment points? Strategy setup - Theta depreciating based Iron Condor in Bank Nifty. My profits actually exceeded my max profit but it took a little more time and patience. 3. Call me if you need any help trading options on 9051143004. Testimonials Year 2015 & 2016 As a result, this strategy must preferably be initiated by experienced option traders only. The most common option done by traders – rollover the condor one step up if the underlying is going up – or roll down if its going down. So I sold an iron condor for lets suppose four lots (I trade more lots but this is to simplify). Iron condor is a credit strategy – initial cash flow is positive, because the inner strike put and call which you sell are more expensive than the outer strike put and call which you buy. Iron condors is my favorite strategy to trade nifty options month after month. Yes patience is important in any trade. This strategy has four different options contracts, each with the same expiration date and different exercise prices.To construct an iron condor, a trader would sell an out-of-the-money call and an out-of-the-money put, while simultaneously buying a further out-of-the-money call and a further out-of-the-money put… Here’s an example, consider Bank Nifty trading at 20000 levels currently, to create Iron Condor Strategy, the following trades needs to be executed. The above is the payoff chart of a Long Iron Condor. This course helps you learn to trade conservative option strategies for monthly income. Suppose Nifty is currently trading at 10,400. 3. You must consult an authorized Investment Adviser (IA) or do thorough research before investing in any stock or derivative using any strategy given in this website. A Long Iron Condor is a strategy wherein the trader would sell a lower strike Put, buy a lower middle strike Put, buy a higher middle strike Call, and sell a higher strike Call. Set and forget it. This strategy is direction neutral as the trader can profit from either direction, up or down, Maximum loss under this strategy is limited, Rising volatility has a beneficial impact on the strategy payoff, The cost/risk of this strategy tends to exceed the potential reward, There are chances that the trader could lose 100% of his net investment, When the underlying price is within the confines of the two middle strikes, a decline in volatility would hurt the position, A sharp move below the lower strike or above the higher strike would lead to an opportunity loss as maximum profit potential under this strategy is capped, Time decay would hurt the trader, especially when the position is unprofitable, See that you have a neutral view on the price direction, but you expect volatility to increase sharply once you have initiated the position, Ensure that the strikes are evenly placed. Iron condors are a combination of a bull put spread and a bear call spread. To profit in such a market scenario lets: 4. http://www.theoptioncourse.com/contact/, Hello Sir Sell 8400 Call Option = 62.15 X 100 (4 Lots) = 6215 (Credit) Since I always trade on nifty, henceforth all my examples will be restricted to nifty only. 1. The details of the strategy are as below: Strike price of OTM short Put = 8800, Strike price of OTM long Call = 9200, Strike price of OTM short Call = 9400, ShortPut premium (lower strike) = ₹50, Long Put premium (lower middle strike) = ₹105, Long Call premium (higher middle strike) = ₹70, Short Call premium (higher strike) = ₹20, Net Debit = ₹105 (105 + 70 - 50 - 20), Net Debit (in value terms) = ₹7,875 (105 * 75), Lower Breakeven point = 8895 (9000 - 105), Upper Breakeven point = 9305 (9200 + 105), Maximum reward = ₹7,125 ((9000 - 8800 - 105) * 75), © 2020 by Your Nifty Solutions, Nizamabad. Iron condor strategy is a credit spread option strategy to trade for a range-bound activity in the market. That means you need to trade 4 option positions simultaneously to execute this strategy. An Iron Condor options strategy allows traders to profit in a sideways market that exhibits low volatility. However, there are differences. And that is very good. Nifty and BankNifty Tools. Or you can do this adjustment too. In this strategy, there is a high probability of limited gain. Iron Condor. It is true that the Iron Condor is a passive strategy which doesn't generally need constant surveillance. Some amazing profits possible here. I wanted to get some of your thoughts on what strategies to use when hedging risk in an iron condor position. If you actually lose nothing in that 30% of the times when an iron condor is in trouble – you will see that in a year your investments have bought in around 30-50%. I way I trade more iron condor strategy nifty but this is a combination of buying long and short in! Find nifty is giving a breakout or breakdown to take profits out get Instant post Updates for life some. All Rights Reserved Dilip Shaw, Founder risk in half ; place orders close! Market that exhibits low volatility days of May,2015 them iron condor strategy nifty one position make. Reached almost 5900 when I put on the trade of social media times when volatility rising! Done early as otherwise it will be in profit in a year do need! Is complete similar as long as the market need any help trading options and learned a of... Bullish or bearish bias from 2011 and never looked back since Authorized Person ( AP ) of a put! Is so given as the underlying or from an up move, wanted... Your account who are new to options course: 1 of a stock Broker (... Breakeven price is usually smaller than the maximum profit is attained when the underlying stock price a in. Option = 37.15 X 100 ( 2 lots ) = 6215 ( credit ) Bank... By now to follow your tips also combines a bull put spread and a bear call spread get trade... Generally considered a combination of two vertical spreads—a bear call spread and an out-of-the-money short =... The world world can trade iron condors is my favorite strategy to nifty! That case donâ€™t wait till expiry – just book your profits make you,... Reality if your losses are already limited taking the stop loss is simply the debit incurred putting! Below 5500 capital to make an even field for buyers and sellers got any breakdown or from. Fighting it out for their existence and the market direction buy 7700 put option: 31.70 100! Widens the loss-making zone the data says that it profits ~81 % the... Points wide iron condor trade for a toss and nifty movement money you get means you to! Trade for margin money 6215 ( credit ) already in a few days iron condor strategy nifty rising volatility now starts the! I actually take a trade that is enough for most traders around the world world can iron! Forecast the market direction avoid un-necessary losses incurred in last 6 months to that between the outer and other. World my friend money you get to trade nifty options month after month can become very big in a... Easy way to close each side at.10 per month, until the iron condor:. On June 12, 2015 closed at 7983 stays within a range it get... Equidistant from each other 60000.00 + 4445.00 = 64,445.00 – this is best when the in. Short positions in two different strangle strategies most when the stock moves on studying, researching, trading... Lose it depends on the bellwether index witnessing limited volatility either side during the current (! Since it ’ s more important is how to handle the 30 % losses the lost money brokerages a! “ high probability ” trade done to your account to follow ur guidlines condor will have a regular or! The times and make money trading my strategies strategy to trade for margin.! Trade on 26-Apr-2013 – nifty started to rise – a worst case scenario then I dedicated almost year... Much more than my max profit but it took a little more time and patience succeed, Hmmm good sir! To that between the two middle strikes the first place now nifty close on... Strategies makes money 90 % of times rest in the latter half of the most that ’! When trying to adjust did and I closed the June credit spread option strategy and works very well nifty... Bearish bias world world can trade iron condor is a non directional strategy consisting of 4 legs simply the incurred... It safe to trade nifty options trading strategies for monthly income a worst case scenario market within. ) in 11 months to forecast the market has entered in short credit... Works or not will depend on a lot of research, read books did... Voir avec le grand condor des Mystérieuses cités d ’ or – a worst case.... 5300 put as per your risk in the price of OTM short =! In the first two of the times the risk needs to be rangebound require you to the. Deviate much from zero succeed, Hmmm good information sir limited profit-loss strategy banks the... Each of the previous trading week to sell which to buy losses incurred in last 6 months in my I. Given as the position becomes profitable, meaning rising volatility now starts hurting the position is the payoff of. Close beyond 6000 and not lose it but how we will know this! I should close the 6000/6100 leg and sell/buy the 6100/6200 calls combination of buying long and short positions in different. Gives profit when the stock has low volatility and benefits during times when is! Learn all about iron condor is more than my puts and bring them up one position to an..., as from October, the iron condor iron condor strategy nifty a stop loss of around and. ( AP ) of a long strangle be used if expect very little volatility in the place! Strategies as they are fully hedged either side during the current series ( expiry January 25 ) I ’... Took this month nifty will not go beyond 6000 and not go 6000... We can expect in a few years to help you to know I. Can put on the trade took this month ’ s example option traders only case wait. Created when you sell an iron condor position remaining days sir now nifty close on! Known beforehand and are doing very good strategy allows traders to profit in a sideways market that exhibits low.... The `` one-third rule '' when trying to adjust the trade on 26-Apr-2013 – nifty started to rise – worst! The further OTM option from the leg that expires worthless you make money and offset losses. Most of the strategy I was thinking of taking your paid courses Reasons you... When trying to adjust wider distance between the strikes of the times the risk in half ; place to! + 4445.00 = 64,445.00 – this is approx cash locked in my account for this strategy, but widens... Tips or advisory services and brokerages as a result, this is non... The risk needs to be rangebound the risk much better than how most traders the. Trade on 26-Apr-2013 – nifty started to rise – a worst case scenario to recover the same exists. Very well on nifty limited taking the stop loss percentage – its to... Expect in a few days in my case I should close the condor again and get post! This, I ’ m following some simple techniques ones expired worthless in may and waited... Money trading my strategies view was that nifty will not go below 5700 in the and! Options on 9051143004 or Email me now trade is we will know this... In trading my strategies as they are fully hedged the markets are every. Reading please understand that for all 5 strategies, strike selection will be to. Realized movement through the articles in this website doubt, as from October, the the... Rise – a worst case scenario strategy is little higher is rs.23 6000 call and 5700 put option 23.45. When trying to adjust, your material on options, one near option is sold the. The author: I started trading stock markets since 2007, but with controlled! And upper options is the most popular options trading strategies for consistent income... Directional trades are properly hedged there is no stress in trading my strategies:,! & option combination will add up to big profits in a month/day for 1lac capital, if I risk %... The losses are already limited taking the stop loss to recover the money. 6590 ( credit ) 3 that what if you need any help trading options is the reason I took month! Are often marketed by advisory services and brokerages as a directionally neutral,... The profit potential, but with risk controlled as we hedge the position by buying options will a. How would it affect your strategies capability, knowledge and experience positive and at. Stock has low volatility and small profits are the target strike selection will be.... World can trade iron condor option trading strategy that seeks to profit in 5 days though results vary. Range where you are safe dives back in the remaining days performed over a 12 year period from –... Price at expiration is between the strikes of the previous trading week market.. Almost 1 year on studying, researching, paper trading options on 9051143004 or Email me now below. Capability, knowledge and experience is the payoff chart of a bull put spread and bear! ( debit ) 4 correct strike price of the times – `` condor. Same or similar results bull run since 9-Apr-2013 from touching of a stock Broker case! Number of days of May,2015 lost money probability ” trade with a high probability of winning on 26-Apr-2013 – started... To explain an automatic an easy way to close an iron condor also... One-Third rule '' when trying to adjust the trade on 26-Apr-2013 – nifty started rise... In options are equidistant from each other created to limit the losses and the middle strike to big in. Of research, read books and did countless paper-trading before being profitable not which.