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New Iron Condor Trade

This month we mixed it up a bit with our monthly iron condor trade.

We usually put these trades on using the criteria found in our main sites resource area – and we usually don’t move much from that recipe – which is a large part of the ‘plus’ of doing these trades. They are, in a large part, a ‘brainless’ option monthly income trade. Just rinse and repeat.

Iron Condor – Mixing It Up

This month however, we backed up a bit and revisited some older iron condor trades we used to do – similar to our current version – but a bit longer term and with some tweaks to risk management and where we set our profit target and exit points.

So far, this trade has worked out beautifully – much like how our regular condors do – however the tweaks we’ve made have added some padding to our profit potential – where we could actually make almost twice what we used to be able to make (if we want to work the trade longer) – and it has also provided the ability to make more adjustments and over a longer period of time if needed.

Iron Condor – Photographic Evidence

Since this months trade was different than normal, we’ve documented the entire trade from beginning to end – and we will be posting the videos of each step – from selection, to entering, to managing, choosing and setting up adjustments, to closing out.

To take a look join our newsletter by clicking here and stay tuned.

This is an iron condor trade we will continue to trade and tweak – along with our other iron condor and monthly iron butterfly trades (and others you can learn more about at the cboe.com – and we invite you to come along for the ride.

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