Soaring with Iron Condor Options

This Element is a very brief excerpt from the introduction of Profiting with Condor Options: Strategies from the Frontline for Trading in Up or Down Markets (9780137085514) by Michael Hanania Benklifa. There are no specific trading strategies discussed.

A condor is a complex options trade that creates a “zone” in which a profit occurs over time and within a specific price range. Correctly picking the direction of price movement is not necessary. Understanding the dynamics involved in the trade is the key to long-term success and limited risk....