The iron condor is a defined risk, neutral strategy that consists of selling a short put spread against a short call spread, both OTM. The goal of this popular strategy is for the stock to expire between our short strikes so that the trade expires worthless and we keep the credit we collected upfront as profit. Watch as Mike takes us through a trader's checklist for the iron condor.

0:00 Introduction
0:40 What is Iron Condor?
3:04 When the Stock Goes Up
5:59 When the Stock Stays the Same
6:52 When the Stock Goes Down
7:40 Breakeven Calculation
10:02 IV Factor
11:12 When to Close
13:14 Takeaways

#optionstrading #options #optionstrategy

------------------------------------------------

tastylive is the fastest growing Financial Network in the galaxy. Tune in and watch 10 hours of live, actionable Market Talk everyday during Market Hours. When you're not looking for realtime data, watch options trading tutorials, documentaries and interviews with successful risk-takers across business, options, and prediction markets.

📺 For even more content, visit us at https://www.tastylive.com
Subscribe to our News, Opinions & Market Themes Channel: @tastylivetrending

Follow us on Twitter:   / tastyliveshow  


This video and its content are provided solely by tastylive, Inc. (“tastylive”) and are for informational and educational purposes only. tastylive was previously known as tastytrade, Inc. (“tastytrade”). This video and its content are not, nor are they intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Supporting documentation for any claims, comparisons, statistics, or other technical data, if applicable, will be supplied upon request. Multi-leg option strategies incur higher transaction costs as they involve multiple commission charges. Please read the Characteristics and Risks of Standardized Options Disclosure prior to trading options. This video and its content were created prior to the legal name change of tastylive. As a result, this video may reference tastytrade, its prior legal name.