What is negative "Vega" anyway? When is the right time to use this "Iron Condor" spread? If you do not know that answer, then you may want to watch some of the free videos on the Option Greeks that you can find on the San Jose Options' website.
Most of us "Iron Condor" traders have been making money over the last few months with very little effort or changes at all. At times, with this kind of income spread, it can really be great! There are those times that we have very few adjustments to make. If the underlying simply trends and stays within a tight price range, then the "Iron Condor" works well, and you are able to make money in this market almost each day.
When the stock market gives us this opportunity, it is a wonderful thing! It is like living a dream! Wouldn't you enjoy it if you could make some money while you were reading a good book, swimming, hiking, golfing or enjoying your favorite cocktail? With the "Iron Condor" you can make money almost each day at times. It is wonderful when the stock market is just right to give us this opportunity.
I have found a much more conservative approach to the "Iron Condor," which I like much better. It's being taught by San Jose Options. I learned a riskier, aggressive approach from other courses that I took, and I found out the hard way. Let's just say I went through the school of Hard Knox. I had to do adjustments much more often, and this caused a problem when the market was moving up and down a lot. I found that with this aggressive trading of the "Iron Condor", it only lead me to more adjustments, more stress, more headaches and losing overall.
With this new way of conservative trading I have been making an easy 10% for the last few months and believe me, I haven't had to make many changes at all in my trades. I have been able to put the trade on and walk away letting the trade and my money work for me. Before, with the more aggressive way I was trading this option spread, I was making several adjustments each week. With this new trading technique not one single time has the market ever hit my adjustment point. Let me tell you, I am really enjoying the stock market and my trading now.
Most of us "Iron Condor" traders have been making money over the last few months with very little effort or changes at all. At times, with this kind of income spread, it can really be great! There are those times that we have very few adjustments to make. If the underlying simply trends and stays within a tight price range, then the "Iron Condor" works well, and you are able to make money in this market almost each day.
When the stock market gives us this opportunity, it is a wonderful thing! It is like living a dream! Wouldn't you enjoy it if you could make some money while you were reading a good book, swimming, hiking, golfing or enjoying your favorite cocktail? With the "Iron Condor" you can make money almost each day at times. It is wonderful when the stock market is just right to give us this opportunity.
I have found a much more conservative approach to the "Iron Condor," which I like much better. It's being taught by San Jose Options. I learned a riskier, aggressive approach from other courses that I took, and I found out the hard way. Let's just say I went through the school of Hard Knox. I had to do adjustments much more often, and this caused a problem when the market was moving up and down a lot. I found that with this aggressive trading of the "Iron Condor", it only lead me to more adjustments, more stress, more headaches and losing overall.
With this new way of conservative trading I have been making an easy 10% for the last few months and believe me, I haven't had to make many changes at all in my trades. I have been able to put the trade on and walk away letting the trade and my money work for me. Before, with the more aggressive way I was trading this option spread, I was making several adjustments each week. With this new trading technique not one single time has the market ever hit my adjustment point. Let me tell you, I am really enjoying the stock market and my trading now.
About the Author:
Learn more about Options Classes that can change your life. Stop by the Options Traders Cafe and find out what trading options is all about.
