The iron condor is a four-legged trade that consists of selling an OTM put spread while selling an OTM call spread at the same time. Again, this is a preferred strategy when we want to define risk and have a neutral assumption. Follow along with Mike as he defines the iron condor strategy.

0:00 Introduction
0:37 The Opening Trade
3:22 Defined Risk Scenario
4:30 Calculating Breakeven
7:17 Only One Side Loses
8:55 Two for One
10:45 Delta Neutral
12:35 Same Wing Width
14:59 Probabilities
16:24 Call Side Credit Amounts
18:07 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.