subject: Options Income Spreads [print this page] Since the Iron Condor is a negative Vega strategy, this should be the right time to use this income option spread. But what is negative Vega anyway? If you do not know, then you might want to watch some free videos on the Option Greeks that can be found on the San Jose Options' website. Anyway, now that the volatility has been on a decline and the markets have become a calmer place to be, this makes it much better to manage this option spread.
Most of us Condor traders have been making money over the last few months with little effort or adjustments at all. It is so great, at times, with this kind of income spread. There are times that we have very few adjustments to make. If the underlying simply trends stays within a tight price range, then the Condor works well and cash flows the market almost each day.
Wouldn't you like to relax, enjoy your life, and make money nearly each and every day? With the Condor it can be done! It's really a wonderful way to live when the market gives us this opportunity.
I have had a chance to learn a better, different, more cautious way to trade Iron Condors. While most option teachers have a more aggressive approach to this trading strategy, I have learned a safer method by studying with San Jose Options. I can sleep in rest assured that my options portfolio is not being exposed to high risk. While other option traders have to get up at the beginning of the stock market each day in case they have to make an adjustment.
Before learning with San Jose Options I was doing adjustments almost every week to my portfolio in order to keep my money protected. Now, with little adjustments at all I have been making about 10% per month. Now that I have a safer way to create the Iron Condor from the beginning, and I have to do less changes over all it has been really nice trading the stock market over the last few months.
