Iron Condor

A deep dive into an autotrading bot that opens iron condors using Option Alpha's Trade Ideas. This sample template is perfect for traders with a small account.

This video is your complete guide to adjusting risk-defined strategies, such as credit spreads, iron condors, and calendar spreads.

Traders with small accounts should use risk-defined options trading strategies and avoid strategies with undefined risk.

It is important to have an options portfolio with a combination of multiple strategy types each month. This enables you to spread positions out and increases the probability of having profitable trades in any market condition.

In this lesson, we'll look at two different iron condor adjustments to reduce risk and increase your probability of success.

Unbalanced iron condors are very similar to balanced iron condors, but can be set up with a slight directional bias. The strategy still profits from decreasing volatility and minimal stock movement.

An iron condor is a multi-leg, risk-defined, neutral strategy with limited profit potential. Iron condors have no directional bias and capitalize on a decrease in volatility and minimal movement from the underlying stock.