Master the 10 Iron Condor Rules for MAX Profit

Trading market neutral Iron Condors can be very profitable and benefit ANY investor portfolio with much needed diversification. However, you must follow these 10 rules of engagement in order to maximize your profit and minimize your trading mistakes.

Here's Your Link for a FREE Trial to VTS!

Follow me on Twitter:

---

Brent Osachoff

#volatilitytradingstrategies #optiontrading #shortvolatility #UVXY

[danielchen]

You are very sincere and helpful. Not many YouTubers explain their trading strategies the way you do.

[TomerHY]

In the last 2 years I've abandoned all option strategies except Cash Secure Puts. I choose stocks / ETFs from $30 to $100~ so my worst case risk is limited to 10K if I get assigned. Now I'm trying to get $120~.
I'm picking 45-60 to expiration (5- 10 delta) for each put I write. I did some calculations and manage to make about $1500 per month, which gives me 12-14% per year. (At a win rate of 8 out of 12).
I still need to figure out how to scale this strategy.
and one more thing, I avoid memes and hype and trade mostly stocks that have high liquidity and have a 5 year positive earnings history.
I really enjoy your channel as I can learn new stuff alltough I trade option since 2016. Keep up the good work

[DaxL_net]

What an amazing tutor you are. Its not a praise but factual observation. Thanks for the short course that is priceless to many if not all of us who are new into these complex strategies.

[Hoebo]

1000% the most efficient and straightforward game plan for iron condors I’ve seen on YouTube.

[freshj]

Great vid. Been averaging about 30 percent daily on iron condors. With next day expiration.. cant wrap my head around 65 days. But thats next level.
Thank you for the video

[aaronlewis]

Brett - trying to do some math here... The IC strategy "makes up" 20% of the overall total portfolio, but each IC position has a 3% allocation. Assuming max exposure of 3 open trades at a time, that would aggregate to 9%. It would appear that this results in an under-allocation? Trying to wrap my head around the full picture -- I'm probably missing something.

[mikelong]

Been trading Iron Condors for a while. Nice strategy.

[jr]

Your DTE for the Put Debit Spreads are different for both strikes. Pls. clarify.

[דודסולומון-טמ]

Hi
How do you choose the deep of the wings?

[VeganFootsoldier]

have you backtested this in python or something? sounds negative EV over the long run placing a 50% stop. sounds like just more discretionary TA trading. Also I'm not really sure the point of having wings and a bracket. why not just sell a strangle with a bracket?

[edmandell]

Great Video! I love Iron Condors. I trade SPY and QQQ. Do you have a earnings strategy video? I get confused on how to enter a trade prior to earnings and take advantage of IV crush after earnings.

[bobbydreamsforu]

Loved your video Sir. Thanks for your information 🎉

[fannyguan]

I want to try the method yo taught me on 4/30/2024. At that time, RUT was $1988.48. In the past year, the low point of RUT was $1633.67 on 3/28/2023, and the high point was $2134.46 on 3/28/2024.The middle of these two points is $1884.56. but the current stock price of RUT is $1988.48. My question is: Do I have to wait until RUT price drops to around $1884.56 before I can open a position Iron Condor? I didn't wait, and I still opened a position Iron Condor RUT 2200/2250 Call and RUT 1830/1780 Put @ $8.5 premium, based on $1884.56. Is this right? Please comment, thank you very much

[OmindraRana]

I just want to know the trading platform used in this video?

[fannyguan]

2)Volatility during mid-high. I understand high, but mid how do I know whether it will move up or down?

[xcccp]

i never understand, those who sell spreads 30-45-60 days, if you look at premium, its not there, and there is no move in making money, only losses because market will move faster against you when you start receiving theta premium, so, for example: credit spread for 1 week 10 delta, can bring you same amount 30 days delta 10, not much money, so, what is the point waiting for 30-45-60 days to make 10$, has to be middle ground, like weekly, best way to manage, time and get theta premium more safe way. yes / no .

[fannyguan]

1 contract =385 Max Loss? How to calculated?

[fannyguan]

1.15*1.5? Is this 50% Stop loss? What is 1.5?

[fannyguan]

Today I use your method to trade on paper: RUT Jun 28 2024 expiration Sell RUT 2200 Call. Delta is not 0.15 I choose 0.10. Sell RUT 1830 put. Delta 0.15. But only 50 width can trade. so Sell RUT 2200 Call, Buy RUT 2250 Call and Sell RUT 1830 put, Buy RUT 1780 put @ 8.55. Max Loos=50-8.55=41.45 Max Profit=8.55, 1:4.85? Is this trade too risky?

[BrandonBiden-mq]

Rational & logical guidance. You definitely wouldn’t make it on Wall Street Bets. 😂😂