Education Lesson 20
Iron Condor Option Strategy
Don't let the name intimidate you. It's actually pretty simple and is one of the most powerful strategy that exists.
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.
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.
One of my favorite videos on explanation of Iron Condors: