With the volatility dropping and the major markets in a current uptrend, one could say that it is the perfect time to utilize the condor strategy. If you didn’t know by now, the Condor is a negative Vega option spread. This means that it benefits when the volatility drops.
Actually, over the last few months many income traders have been cash flowing the stock market. It’s times like these that make the iron Condor such a famous option strategy. This type of option spread makes money when the underlying simply trends within a tight price range. When this occurs, the iron Condor can make money nearly on a daily basis.
In times such as these, we can sit back, relax, enjoy our lives, and make money nearly each and every day with the Condor. It’s really a fantastic way to live when the market gives us this opportunity.
One thing I love about the San Jose Options methodology to the Iron Condor, is that they have a more conservative approach to them. While other courses teach an aggressive approach, they are also taking on much more risk than I am. They have to adjust much more often too and this causes a problem in a whipsaw market. Aggressively trading condors will lead to more adjustments, more stress, more headaches and less returns overall.
Over the past couple months, I’ve been making 10% on this strategy very easily, and believe me, I haven’t had to do very much at all. I just put the trade on and let my money work for me. The way I used to trade, I would have had to execute several adjustments, but with my new trading technique, the market never hits my adjustment points one single time. So needless to say, I’ve really been enjoying the stock market lately.