"If The Fool persists in his Folly he will become wise." - William Blake
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The Iron Condor Options Strategy
An Iron Condor trading strategy is an option play that is created with two vertical spreads. An Iron Condor is a combination of both a put option spread and a call option spread that have the same expiration date and four different strike prices. A long iron condor is when an option trader sells both sides of the underlying stock or commodity by shorting the same number of calls and puts at the same time, then buying another option contract further out of the money of each position to hedge with the purchase of calls and puts. image A short iron condor is when an option trader buys both sides of the underlying ... (full story)