«They didn’t care about the bear.»
Traders, Coach Tyler here.
It’s Iron Condor day! Tonight’s YouTube webinar will introduce you to the basics of this four-legged options strategy. I want to share how it fared during this year’s market tumble.
Recall we created a monthly system designed around selling condors on the Russell 2000 Index. It’s called Cash Flow Condors. Many strategies suffered during the high volatility bearish episode we experienced throughout the first quarter. Swing trading and directional trades, in particular, were extremely challenging. But do you know what fared just fine during the turmoil?
Iron Condors.
Indeed, we haven’t suffered a losing month with our practice example of the Cash Flow Condors position in a very long time. There are 2 reasons why.
① First, the profit range for the condor based on the way we build it is vast. Prices don’t just have to fall; they have to decline a massive amount for us to lose. And as bad as the decline was, it still wasn’t bad enough to hit the bull put side of our trades.
② Second, when implied volatility spikes, we can expand the profit range even further to compensate for the additional risk in the market. This helped give us even more breathing room. Please, join me for the main event tonight on our YouTube channel. It’s going to be fun.
🛑 Options 101 Webinar Tonight! › Iron Condor for Beginners with Coach Tyler Craig at 8:30 PM EST on YouTube
Join Coach Tyler Craig as he teaches everything you need to know to get started with trading Iron Condors for monthly cash flow. As the architect of Tackle Trading’s Cash Flow Condors system, Tyler brings a wealth of knowledge on the topic and will break down this popular strategy in simple, easy-to-understand terms.
In this webinar you will learn:
✅ What is an Iron Condor
✅ How to Build an Iron Condor
✅ Why Iron Condors Make Money
✅ Best Practices for Trade Management
✅ The Ideal Stock to Use
Video of the Day: How to Hedge Credit Spreads & Iron Condors
Have you ever wondered how to properly hedge a bullish or bearish credit spread or an iron condor? If you’re trading with spreads, you will love this brilliant video.
Chart of the Day: Bitcoin Just Bottomed
Bitcoin completed an ascending triangle bottoming pattern by blasting through resistance at 45k.
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