Being that the iron Condor is a negative Vega strategy, this might just be the perfect time to use this income option spread. Lately, the volatility has been dropping and the markets have become a calmer place to be. This makes it much easier to manage this option spread.

In fact most condor traders have been making money over the last few months doing very little work at all. This is why it’s so great at times with this type of income spread. Sometimes we have to do very little at all. If the underlying simply trends within a tight price range, then the Condor and cash flow the market nearly on a daily basis.

Making money like this is really a great thing. It’s low stress, and it’s a consistent income at times. This is one of those times that the stock market gives us the opportunity to really enjoy our option strategies. Imagine being at the beach with your favorite cocktail in your hand and making money at the same time. It’s really a great way to make a living.

One thing I love about the San Jose Options methodology to the Iron Condor, is that they have a more conservative approach to them. While other courses teach an aggressive approach, they are also taking on much more risk than I am. They have to adjust much more often too and this causes a problem in a whipsaw market. Aggressively trading condors will lead to more adjustments, more stress, more headaches and less returns overall.

Lately I’ve been making about 10% per month doing very little adjustments at all. In the past I was doing adjustments nearly every week to my portfolio in order to keep my capital protected. But now I have a safer way to construct iron condors from the beginning, and I have to do less adjustments over all. It’s really been nice trading the stock market over the last few months.

If you want to succeed on the stock market with options, make sure you get a trading education.