subject: Iron Condor, The Negative Vega Option Strategy [print this page] The "Iron Condor" is a negative Vega option spread, meaning that it benefits when the IV on the underlying traded is going down. This usually happens if the underlying price is rising. Right now the market is somewhat bullish. With a negative Vega spread needed, this could be the right time to use the "Iron Condor" strategy, but make sure that the IV still has room to drop. If IV hits support, then watch out because it might just rise on you and this will really hurt the Condor.
For the past few months, I have been making money with few adjustments and less work overall on the stock market. This is truly one of the best things that happen using the "Iron Condor" option trade. You can make money almost every day through the "Iron Condor" strategy when the market is quiet. This is the kind of option spread that when skillfully managed will make money as the underlying, or asset to be sold or bought, dwells on a constricted price range.
Do you want to earn an income without much work? How about taking time to unwind, getting the pleasure of life's best, while making money almost each and every day? With the Iron Condor these things could be possible! It's a superb way of living when the market is opening up such an opportunity for you. But do not be too complacent for this is not possible all the time, but it is really up to you to grab sometimes.
I have seen a safer approach to the "Iron Condor" being taught by San Jose Options. And I like it much better since it's such a more conservative trading style of the "Iron Condor" than those aggressive approaches from other courses which are actually putting me in a higher risk of losing my money. These other aggressive trading methods require me to make several adjustments too often and this is causing a problem when the market is frequently moving up and down. I have realized that such aggressive trading of the "Iron Condor" option trade only pushes me to take more adjustments, added stress, more headaches and overall losses.
Now, with this new way of conservative trading of the "Iron Condor" strategy, I have been making an easy 10% on the market for the past months and, believe me; I haven't have to make a lot of adjustments at all in my trades. I have been able to put the trade on and let both my money and trade do the work for me. Unlike before where I have had to perform several changes on my trade using the more aggressive way, there hasn't been one single moment lately that the market has hit my adjustment point using this new trading technique. Honestly speaking, I am truly enjoying the trade and the stock market, right now.
