Today, I had an interesting conversation with an option trader who is still searching for the magic formula to making consistent returns with option trading. He said many things which were so familiar to me.
Hi everybody and welcome to San Jose Options. In this demonstration we will be discussing the dangers of Iron Condors. The Condor is an excellent income strategy, but there are ways to do it correctly and ways not to do it. The purpose of this article is to make every option trader aware of the risks that are involved in trading option spreads if you do not know what you are doing. In particular, trading iron condors close to expiration is very high risk and can lead to catastrophic losses to your trading capital.
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