Course Description

THE IRON CONDOR STRATEGY — KING OF TIME DECAY STRATEGIES

The Iron Condor Spread is one of the most popular trades of all Options trades, and it is the undisputed King of Time Decay or Income strategies. It is special because you get to double the premium collected, reduce your risk levels as compared to normal credit spreads, double the amount of time decay, and maintain a delta neutral position, at least when the trade is first put on. The negative with the strategy is that it's a heavily Vega negative position. We dissect the Iron Condor in this trade, put on a real trade on AAPL, and take it through a couple of weeks. We analyze the risks, set adjustment points, and discuss suitable adjustment strategies for different market situations as the trade develops.

What you will master

How do we construct an Iron Condor Why choosing the right strike prices are important for the Iron condor Should we try to make it a delta neutral trade and why What are its special characteristics How is the premium doubled Why is the Iron Condor a popular trade Why are margin requirements less on an Iron Condor What should we watch for in terms of Vega exposure What are good adjustments for an Iron Condor When do we use the simple adjustments and when do we use the complex one Is Rolling an Iron condor leg a viable strategy What are the options if we don't want to roll a losing Iron condor leg Why is there an automatic profit component in an Iron Condor

Instructor Biography

Knowledge. Strategy. Execution.

Hari Swaminathan is the founder of www.OptionTiger.com. a cutting-edge Options education and trading company based in Washington D.C. Hari is an entrepreneur, everyday person and a self-taught Options expert for over 8 years. Hari also writes the Blog at OptionTiger, an insightful commentary of the most important issues in macroeconomics, investing, and trading. Hari has a Bachelors degree in Engineering from India, and MBA degrees from Columbia University in NYC and London Business School in the U.K. You can read more about Hari on his Linkedin profile.

More than ever, its become important for everyday people to take control of their financial situation, and create additional income in a smart, risk-controlled manner. This is precisely my mission. Through knowledge, education and investment discipline.

Options are powerful, but they have a learning curve. I've broken down all the complexities of Options in simple language that everyone can understand. The courseware is organized logically and takes you step-by-step all the way to the most advanced strategies using real trade examples, always highlighting the pluses and minuses of every investment situation. In every trade, you'll learn how to navigate successfully through good and bad situations. Options provide the best way to to take advantage of bull cycles, bear cycles and everything in between.

As someone that has self-learnt Options and through making mistakes, I can tell you Options trading is not something you should take lightly. You will hear people talking of fantastic triple and quadruple digit returns. I'm here to be brutally honest with you — Be very very careful in the first 12 months of Options trading. This is when everyone is the most vulnerable to losing money. Your main objective during this time is to focus on learning this craft and not lose money during this time. Learning and mastering Options is a 12-month endeavor at the minimum. Having said that, if you can get past the first 12 months and acquire the expertise in a systematic manner, true financial independence awaits. Options are a mathematical and strategic game much like Chess, and no amount of technological advances can make this skill obsolete, because the fundamentals of Options are never going to change. You can trade Options from anywhere in the world, regardless of how old you are. You never have to worry about job security any more because you have a skill that can produce consistent wealth month after month. But remember, you have some serious but exciting work to do before you can get there, and I'm here to help you in this journey. Watch my Free Course for Options Trading Beginners where I draw out a detailed roadmap of what this 12-month journey looks like, and the specific strategies you should master during each step of this learning process. Watch my Free Mini-courses or my YouTube channel. all of which have the highest quality of education material. And join me in my UDemy courses, where I share cutting-edge theoretical knowledge mixed with practical insights, strategy and impeccable execution through live trading examples. If you have any questions at any time, please feel free to email me at info@OptionTiger.com.