Posts Tagged ‘options course’
Iron Condors In A Slow Market
While the volatility is dropping and the market is in an uptrend, one might believe that this is prime time to trade the Iron Condor. This is because the Iron Condor is a negative Vega option spread and it benefits by a drop in the volatility.
In fact most condor traders have been making money over the last few months doing very little work at all. This is why it’s so great at times with this type of income spread. Sometimes we have to do very little at all. If the underlying simply trends within a tight price range, then the Condor and cash flow the market nearly on a daily basis.
This style of making money is really like living a dream. Just imagine how fun it would be to make money while you are sitting by the swimming pool and enjoying your favorite cocktail. It’s wonderful when the stock market gives us this opportunity.
One thing I love about the San Jose Options methodology to the Iron Condor, is that they have a more conservative approach to them. While other courses teach an aggressive approach, they are also taking on much more risk than I am. They have to adjust much more often too and this causes a problem in a whipsaw market. Aggressively trading condors will lead to more adjustments, more stress, more headaches and less returns overall.
Over the last few months I’ve been making about 10% on each of my trades. The nice thing about my new trading technique is that it’s my positions are safer, and at the same time, I don’t have to do so many adjustments. The way I learn to do condors before had me making adjustments every single week, but now I have a much better way to trade condors and I can think my education for that.
If you want to succeed on the stock market with options, make sure you get a trading education.