My FAVORITE Options Strategy - The Iron Condor

U keep it very simple and understandable. Thanks so much at first I was intimidated but u have helped me

Nice video but unfortunately the numbers are a bit unrealistic. selling for 2 $ and buying for 1$ (call 46) is ofcourse never going to happen.
If that would be the case I would immediately create a butterfly construction.
I assume this is just an example to make clear what the Iron Condor tries to do.

Crystal clear explanation. Nothing is more helpful than this video. PERIOD.

You made this really easy to understand for someone whos just starting out...great video!

I like having a limited downside

Excellent video

This looks like an incredibly easy way to lose your money if you aren’t well versed in the risks.

you are the best thanks so much.

Do you need to own stocks to do this?

Excellent! Very new to trading options, but excellent explanation Thanks

How much commission and fees would you have to pay for doing 1 contract of iron condor( Approx) in SPY options?

If you're ITM and your covered calls get assigned are you just screwed into buying 100 shares?

Thanks for show me how

Paraphrased "When you sell a Call you are hoping that the stock doesn't reach the strike price"

I love this , Thank you.

Thanks…Mack

I LIKE THE WHEEL,I AM GOING TO STUDY FOR A MONTH.. THEN POST MY FIRST TRADE. ❤ GLAD I SEEN YOU ON ANDRE ‘S CHANNEL, LOVE THE WAY YOU ALL EXPLAIN 🎉🎉🎉

Can't you just keep one of the parts? Like for example ignore both calls and simply sell a put and buy a put. How's that called?

First timer to this channel - excellent method in explaining Iron Condor

It's a real shame that you no longer produce content because it's excellent. I learned so much from your videos almost a year ago and your videos are evergreen.

At around the 5 min mark I knew this was the video I really needed

Are you still responding?

you said that when we sell a call we hope that we dont get exercised.
ive been only selling calls right at the money hoping that it gets exercised so i get to collect a big premium every time. i simply market buy/limit buy the shares and sell calls. Been doing it since january 2023 and lost only one small trade on it. i dont get why people keep saying that they dont want to get exercised. you get a few dollars from the appreciation and a big premium

Nope. Not sub. and will not.

HEY ALEX! I've recently started trading and how found that many brokers including Robinhood do not allow you to sell puts and calls without collateral. In terms of calls you need 'coverage' and in terms of puts you need 'buying power'. Are there any ways to work around these barriers ?

This is gangsta advice 🎉😊

What exactly is “passive” about trading iron condors? Is this not the textbook definition of active investing?

Thank you, Pandrea, for this straightforward and easy to follow webinar on IRON CONDORS.

YO I THOUGHT YOU WERE A MAGICIAN

Great video! Question though. What happens after expiry and the stock price is now in the money for the call side? For example, the max return is 77 and the max loss is 23. Do you lose the 77 and lose an addition 23? Or is it the difference, 77-23= $54?

Easier than saying done I bought it and when you sell market won't buy it back for me

IC's are too boring. Buy calls and puts, it's wild, it's crazy and a hell of a lot of fun !!!!

Love your channel thank you for everything ❤️

How do you screen for stocks that will work with this strategy? Typicaly with options we are looking for crossovers and indicators that show the underlying stock will move up or down. How do you scan for a stock to not move? Is it by upper and lower resistance?

Stock market brujeria

I learned a good bit from this. Thank you

OMG I learned so much in this video. Your illustrations are amazing!

this is the kind of guy that would stop to help you with car problems

I don’t have enough money to buy 100 shares of a stock in order to actually sell a put or call option. So would I need to make more money other ways in order to work my way up to the iron condor? And if I only have 100 shares can I sell both a put and call option without having to buy 209 shares?

Amazing explanation <3 thank you

Great video very well explained thank you so much for this Inf. Very useful 👌🙌

Thank you for keeping it simple, funny, and easy to learn. I am sure you are helping many understand this complex topic.

Nobody talks about HOW to select the underlying or the strike prices. Is the underlying selected via a scan, chart setups? How do you choose what the strike prices should be? Guess?

Is the iron condor really your favorite strategy? how do you use moving averages and rsi to hedge against risk?

What stock(s) do you recommend for this type of option?

Is this possible with a cash account on Webull? Awesome vid. Liked and subscribed.

Are the amount of contracts equal? 1 sell call, 1 sell put, 1 buy call, 1 buy put, correct?

I realized that the secret to making a million is making better investment.