Iron Condors in a Slow Market
With the volatility dropping and the major markets in a current uptrend, one could say that it is the perfect time to utilize the condor strategy. If you didn’t know by now, the Condor is a negative Vega option spread. This means that it benefits when the volatility drops.
The fact is that we’ve been cash-flowing the stock market over the last few months with very little work at all. This is one of the benefits of the iron condor strategy. Sometimes the stock market is very mellow, and this means that the Condor can make money nearly every single day. It’s the type of option strategy that makes money when the underlying states within a tight price range.
Making money like this is really a great thing. It’s low stress, and it’s a consistent income at times. This is one of those times that the stock market gives us the opportunity to really enjoy our option strategies. Imagine being at the beach with your favorite cocktail in your hand and making money at the same time. It’s really a great way to make a living.
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.
There are many option courses on the market today, but there are not many that teach low-risk option strategies.
Related posts:
- Iron Condors wiped out my Savings
- Less Adjustments with Option Strategies
- Income Options Spreads
- Making Money During a Stock Market Crash
- Slow Internet Connection or A Slow Computer?
