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Selling iron condors is a very popular options strategy among traders who prefer limited-risk strategies with a high probability of profit.
The short iron condor strategy is actually the combination of a call credit spread and put credit spread, which are bearish and bullish positions, respectively. By combining the two options strategies, you get a neutral position that profits when the stock price remains in-between the two spreads.
With a neutral directional bias and limited loss potential, the short iron condor is a great strategy for income traders, as you don’t need to correctly predict the direction of the market to make money.
In this video, you’ll learn exactly how the short iron condor strategy works through visual trade examples and a live demonstration of how to set up the strategy in the tastyworks brokerage platform.
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