Iron Condor Strategy
If ever you are interested on stock options and trading, I suggest you invest on getting the PowerOptions software. Along with a complete suite of educational materials and premium toll-free customer support, PowerOptions provides the essential data you need to invest with stock options. Their patented SmartSearchXL® technology is not available anywhere else. PowerOptions® is the only internet-based data provider that gives investors SmartSearchXL®, a patented decision support technology that identifies the highest return option trades. For example, the iron condor strategy. The Iron Condor Spread strategy is a neutral strategy similar to the Iron Butterfly. In the Iron Condor, an investor will combine a Bear-Call Credit Spread and a Bull-Put Credit Spread on the same underlying security. By doing this, an investor will potentially be able to double the credit obtained over a single spread position. Since there are two spreads involved in the strategy (four options), there is an upper break even and a lower break even. A profit is made if the stock remains above the lower break even point or below the upper break even point.
