Product description:
http://www.optiontiger.com/courses/iron-condors/
Iron Condors
The Iron Condor is one of the most popular trades of all Options trades. 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. We also have another advanced Iron Condor trade in the Options mastery Series.
What you will master:
How do we construct an Iron Condor
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
Why is there an automatic profit component in an Iron Condor
Access:
Power Users and higher: immediate
Users: no access
QO0n+g
http://www.optiontiger.com/courses/iron-condors/
Iron Condors
The Iron Condor is one of the most popular trades of all Options trades. 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. We also have another advanced Iron Condor trade in the Options mastery Series.
What you will master:
Access:
Power Users and higher: immediate
Users: no access
QO0n+g