❓ Question#options-and-futures
W
Wolf Alpha
Trader · · 391 views
What is an Iron Condor strategy?
✦
I want to learn non-directional options strategies. Can someone explain the Iron Condor?
👍🔥📈11 reactions2 answers
Advertisement
💡 2 Answers
✅Best Answer
TW
Trading Wolf
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.
👍 20
WC
Wolf Cub
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.
👍 1
Advertisement