Iron Condor Options Trading Strategy - Best Explanation

The Iron Condor… Don’t let the name intimidate you. It’s actually pretty simple and is one of the most powerful option strategies that exists.

The strategy consists of a short call and put, and also a long call and put as protection to limit our risk. This way, we are able to sell option premium even with a small account and with very little risk.

Watch this video to learn how to trade the Iron Condor to make a low-risk non-directional trade that allows you to collect option time decay and also capitalize on high Implied Volatility.

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Thank you!
Sky View Trading

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Iron Condor explained

[Robby-Rob-Robertson-III]

I have searched far and wide for someone to be able to teach options without losing me in the terminology. You accomplish this exceedingly well, thank you.

[opassons]

As a newbie, I've watched A LOT of videos, listened to plenty of podcasts, and read a fair amount of online content about various options strategies. This video is the most elegant explanation of an Iron Condor I've seen. It also revealed for me the basic point that drawing the profit and loss diagram of any trade is super helpful in keeping it straight in my head as a soon-to-be new trader. Just wanted to say thanks!

[galaxy]

Seriously, best option videos that I've ever seen! Good luck if you found someone else explaining a complex trade such as Iron Condor simply and beautifully as this guy just did! Great job guys. Please keep the good work up and keep the videos coming. Knowledge is the power.

[erwinerwin]

Been trading options for 40 years and all I ever did was just gamble by buying just a straight call or straight put. Never did any hedging. And yes sometimes I got some good winners with that but most of the time one loses. Now I never heard of an Iron Condor till today and watched your video on it. Have to say you did an excellent presentation and I totally understand the concept and I think in the long term playing it safe for small profits instead of going for the home run wins the game.

[leirave]

Best Iron Condor explanation on the whole WWWeb, thank you!

[VilleHyytiainenInvesting]

Rule number one: Never bet Tesla stock to stay flat

[chrisdellinger]

This channel has the clearest, best tutorials on Youtube! Keep up the good work.

[kingkong]

3 minutes in and it all clicked...wow lol. The way you grouped the two "sells" together is what did it for me. Thanks a ton.

[desertfox]

Wow the best youtube lesson I've ever seen period.

[thomasthyng]

U summarize vertical spread with 1 sentence, and explain profit/loss given different strike prices to me like a 5 year old. Well done.

[finalflare]

This guy is amazing at explaining options training. I was able to digest this information with ease.

[marcusclay]

I been trading Iron condors for years, and this the best explanation/presentation. When someone want to know what i do. I simply refer them to this video. Keep up the good work.

[OfficialKingKulin]

Seriously thank you for this video! Like honestly you just don't know how helpful and financially safer this is. You will count ur blessings, this type of knowledge only good people give away for free!!!

[jeffdunstan]

Im brand new at learning this stuff but it looks very doable. Its just a matter of how much time it takes to learn it all. Very good instruction. Its nice to know that you can make money and still know how much you can
lose if it doesnt go your way.

[QueenJonesOlive]

Finally, an easy explanation. No one cver explained how you made money or showed the TOS side like you did. That helps a ton.

[manchuratt]

Not mentioned here, but keep in mind the trading volumes when selecting your ranges.

[hemeheru]

Honestly i purchased a option course 3 weeks ago and it sucks compared to yours and yours are free..The animation and then the actual set up on think or swim explains it in minutes..The course i'm in never really breaks things down on a platform, he writes it on a screen. He does explain spreads at all..MAN THANKS FOR ALL YOU DO.. REALLY !!...i been a memeber of your page for 3 weeks now and its amazing...KEEP IT GOIN

[Phlaigh]

These videos!!! I cannot believe how simple you are able to explain these damn things. I was reading documentation and listening to these old dudes try to explain to me how options are traded but you somehow managed to make it more simple to understand and also explain far more details than anything beforehand. Amazing Lessons, Thank you.

[mattgrimes]

Luck is when Hard work meets Opportunities
And for hard work to meet opportunities, One needs to be experienced, have perseverance, be ingenious and skilled.
Earning passive incomes from the financial market consistently is really a big flex for me.

[isaiahhelms]

I got a question, at 5:01 he is explaining how money can be lost using the iron condor. He says that both the put options go to zero, but because he sold a put @ $65 he profits $100. This makes sense but where I get lost is when he says he lost $900 on the covered call he sold @ an 85 strike. it was my understanding that if you sell a covered call you have to own 100 shares and if it goes way ITM (in the money) the buyer of the contract can then call the contract and take your 100 shares paying you 90 per share. so if you bought the shares at 70 or 75 (from the looks of the graph) then the stock goes up and the buyer calls the shares from you. You would make 15-20 bucks a share but lose out on the higher gains of 6 points on the stocks way up to 96 and if its 100x20 that's $2000 profit. Ontop of that he bought a call making $500. I feel like I got something totally backwards but the more I think about this the more I cant make sense of it.