Tuesday, January 10, 2012

Income with Option Trading

By Donald Scott


The "Iron Condor" is a negative Vega option spread, meaning that it benefits when the IV on the underlying traded is going down. This usually happens if the underlying price is rising. Right now the market is somewhat bullish. With a negative Vega spread this could be the right time to use the "Iron Condor" strategy, but make sure that the IV still has room to drop. If IV hits support, then watch out because it might just rise on you and this will really hurt the Condor.

The last few months I have been making money on the stock market with very little adjustments or work at all. This is one of the best things with the "Iron Condor" strategy. Sometimes, the stock market is very quiet making option trading much easier. You can make money almost every day when the market is calm by using the "Iron Condor" option trade. It is the type of option spread that with skillful managing will make money when the asset traded stays within a tight price range.

Wouldn't you like to relax, enjoy your life, and make money nearly each and every day, without much work? I sure would! With the "Iron Condor" it can be done! It's really a wonderful way to live when the market gives you this kind of opportunity. But don't be fooled, this is not possible all the time, but some of the time, yes, it is.

Now, I have to say, that I have had the chance to learn a much better, very different, and safer way to trade the "Iron Condor". I learned this revolutionary way of trading by studying with San Jose Options. While most option teachers teach you a more aggressive way to trading the Iron Condor, I now can sleep longer in the mornings and live with less stress, knowing that my option trades are not being exposed to high risk, and knowing that my portfolio is safe. While other people have to get up at the opening of the stock market each day because they may have to make some changes to save their money, I can sleep in.

The most important thing about my new trading method is that I do not have to worry or do so many adjustments, and at the same time my positions are much safer now. Before I was hoping for the best while I was making adjustments every single week. Now, I have a much better way to trade the "Iron Condors," and I really thank San Jose Options for teaching this new innovative strategy.




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