July 14, 2026

Trade Idea: Scott Bauer’s Skewed Iron Condor on IBM

IBM surprised the market with an early earnings pre-release this morning, and the stock got hammered. Scott Bauer saw an opportunity in the chaos and walked through exactly how he positioned around it using a trade structure he rarely deploys.

Scott covers:

  • Why IBM’s surprise earnings pre-release created a rare implied volatility setup worth acting on
  • The 18-month support level that gave Scott the confidence to put this trade on
  • How he structured a skewed iron condor with different widths on each side to collect a massive credit
  • Why this trade carries zero risk to the upside and exactly where the risk lives on the downside

Want more trade ideas from Scott? See if you qualify to join his LIVE Trading Room

about the author:

Prosper Trading Academy

Read Similar Articles

July 29, 2020

Is JPM Morgan Poised For Its Next Leg Up?

  We believe that some banks are in a position to make the next leg up?  Why? You ask.  Unlike your conventional banks, some banks like Goldman Sachs, JP Morgan, Citibank and, Morgan Stanley have resources that many conventional banks do not.  They have MASSIVE trading entities.  They are not simply a place to park […]

Read Article
June 8, 2020

When To Use A Credit Spread?

There are many ways to approach a trade using options.  There are dozens of strategies that you can utilize as well.  Do I buy a call?  Do I buy a put?  Is there an option spread that I can construct?  Should that spread be a debit or credit spread?  Click the video below to see […]

Read Article
May 6, 2020

It’s Allocation! Allocation! Allocation!

When I talk to new (and even some veteran) traders when they are struggling with their trading, invariably one of the issues that they have is allocation.  Options traders should not characterize themselves as a “5 lot trader” or a “10 lot trader” as a futures trader may.  Futures traders typically manage their risk by […]

Read Article

Read Similar Articles

July 15, 2026

The Fed, Oil, and What Earnings Season Really Means

Scott Bauer joined the IBKR Podcast this week to break down what moved markets last week and what investors need to watch heading into the next stretch of earnings season. From lagging inflation data to big tech CapEx concerns, Scott did not hold back.

Read Article
July 5, 2026

The Week Ahead: Happy 250

The Dow rose more than ​1% to a record closing high on Thursday ahead of the long holiday weekend as a softer-than-expected U.S. ‌jobs report eased worries about interest rate hikes, while another sharp drop in chipmaker stocks weighed on the Nasdaq. The second half of 2026 kicked off this week much the same as […]

Read Article
June 28, 2026

The Week Ahead: Darn Inflation

A renewed sell-off in technology stocks grabbed headlines this week. The Nasdaq index fell 4.5%, closing lower 5 days in a row, led by a large 5.5% decline in the so-called Magnificent 7 mega cap names. Meanwhile, the post IPO exuberance around SpaceX appears to be fading, with shares now down 25% from their peak. […]

Read Article