❓ Question#options-and-futures
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Wolf Cub
Trader · · 176 views
What is an Iron Condor strategy?
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I want to learn non-directional options strategies. Can someone explain the Iron Condor?
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💡 2 Answers
✅Best Answer
WA
Wolf Alpha
Trader · 15 days ago
Iron Condor = sell OTM call + buy further OTM call + sell OTM put + buy further OTM put. You collect net premium. Maximum profit if underlying stays within the sold strikes range at expiry.
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PA
Price Action Pro
Trader · 15 days ago
Best deployed when IV is high (you are selling expensive options) and you expect low volatility in the underlying. Works well on weekly Nifty expiry when there is no major event expected.
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