Don't let the name intimidate you. It's actually pretty simple and is one of the most powerful strategy that exists.

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The strategy consist of one short call and put, and also a long call and put as protection to limit our risk. This way, we are able to sell option premium even with a small account and with very little risk.

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Watch this video to learn how to trade the iron condor to make a low-risk non-directional trade that allows you to collect option time decay and also capitalize on high implied volatility.