Amid these recent market conditions, Scott Bauer has been leveraging the Iron Condor as an ideal options trading strategy for managing risk.
For those unfamiliar, the Iron Condor is a neutral options strategy that’s designed to define risk, and aims to profit from conditions like low volatility, where the underlying asset stays within a specific price range.
It involves simultaneously selling an out-of-the-money (OTM) call spread, and an OTM put spread to collect a premium, with max profit realized if all options expire worthless.
Yesterday, Scott was in the middle of a skiing excursion, and pulled out his phone to record a quick video.
He recapped Friday’s events after the market closed, commented on recent market conditions, along with what he believes traders could expect going into this week, and some recent trade wins he achieved with the Iron Condor.
The analysis, insights, and strategies shared by Prosper Trading Academy’s coaches in Prosper Insider are strictly for educational and informational purposes only. All content reflects the personal opinions of the coaches and should not be construed as specific investment advice or recommendations. Any examples discussed are illustrative in nature and do not represent actual live trade signals or instructions to buy or sell securities. Trading involves risk, and individuals should carefully evaluate their own financial situation before making investment decisions.
Scott covers:
- What happened to the S&P last week
- How weekend rhetoric could affect today’s market open
- His thoughts on risk-defined trading in present conditions
- How he’s been able to use the Iron Condor over the last few weeks
- 3 stocks he recently used the Iron Condor to make winning trades
