Trading Iron Condors in 2012
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Iron Condor Adjustment Strategies by John Summa, Ph.D.
The way most of use trade them, iron condors are high probability income strategies. This means that each time we open the trade probability is rather good that our short option strikes will remain out-of-the-money and expire worthless – leaving us with a profitable trade.
While the probabilities are in our favor, the risk-to-reward ratio is [...]
Video Re-Play of Dr. Summa’s Presentation
Christopher Smith, B.B.A., J.D.
I hope you were able to attend yesterday’s live presentation with Dr. Summa. Iron Condors are notorious for devastating a trader’s account when the market changes direction or starts moving unrelentingly.
What Dr. Summa did for us yesterday is introduce the concept of dynamic delta hedging. This all goes back to [...]