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Last week I did a video “How I’d Trade Options With $1,000 Right Now” and one setup was an Iron Condor in NVDA with an upside hedge via an additional long call.
The structure mitigates upside risk while sacrificing a portion of the max profit potential on the original iron condor position. This structure is ideal for a stock that’s been range-bound, but you want to mitigate the upside risk in case the stock breaks out above the range. If it does, your original iron condor position can turn into an uncapped upside winner if the stock runs hard.
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Disclaimer: Nothing contained in our content constitutes a solicitation, recommendation, promotion, or endorsement of any particular security, other investment product, transaction, or investment. Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involve substantial risk of loss and are not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not necessarily indicative of future results. I am not a financial advisor. The ideas presented in this video are for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make.
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