If you already trade credit spreads or cash-secured puts, you’re closer to mastering iron condors than you think.
An iron condor is simply two credit spreads placed simultaneously, one on each side of the market, designed to profit when a stock stays within a defined range.
In this video, you’ll get the complete framework: structure, setup, underlying selection, and the exact management rules I follow on every single condor trade.
📈 What You Will Learn:
- Exactly how an iron condor is structured
- How condors compare to put credit spreads — and when to use each
- What to look for in the ideal iron condor candidate
- Step-by-step trade setup on Apple and SPY
- Balanced vs. unbalanced condors — and how to exploit put skew
- Three non-negotiable management rules
Timestamps
- 00:00 Start
- 00:28 What Is An Iron Condor
- 01:19 Comparison to Other Strategies
- 02:41 Choosing the Right Stock
- 04:31 Setting up a Condor
- 06:44 Unbalanced Condors
- 08:28 Trade Management
- 10:06 When NOT to Trade Condors
🔗 Helpful Resources:
- CSP Calculator
- Option Wheel Tracker Spreadsheet
- Wheel eBook
- How to Fix Losing Options Trades
- 10-Part Iron Condor Course
- Options Trading 101
- OTIQ Best Articles
- Master Credit Spreads
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