OptionsTrader

Thanks for sharing your approach to trading Iron Condors. I have been quite successful trading Iron Condors, however I have a strict set of trading rules when making these trades. I like to take sell .10-.15 deltas 30 days before expiration. Any more time allows for too much price risk. I also don't hold until expiration. I take profits at 50 percent of the total profit potential. Some may consider this to be overly conservative, but it allows you to take consistant 5-10% per month profits while mitigating price risk by closing positions no later than 7 calandar days before expiration or before the underlying price starts to move against you. Check out optionstradingresource.com for more on strategies and trading rules. Every experienced trader will tell you that trading rules and money management are the most important aspect of trading. Again, thank for the input. Happy trading!