I am starting this series to discuss about the Iron condors (IC). This is a strategy that is used by almost every professional option trader. In this part-1, I shall focus on discussing what is an Iron condor, how is it created and why I consider Iron condor for my portfolio. I would like to [...]

This trade is now open for viewing/reading to broad OP readers.
After playing speculative strategies during the last 2 week of earning season, I am back to my bread-n-butter strategy. In this Iron Condor, I am selling the RUT March 850 calls and 760 puts and buying the March 860 calls and 750 puts for a [...]

Another successful option Iron Condor on Russell 2000 (RUT).  I decided to buy back my bear call credit spread of $830/840 for $0.25 and release the margins. This bring my obverall profit from this trade which I originally initiated from past sevral months (find this link for 1st trade) are 88% and for the new feb trade (click [...]