Wouldn’t it be nice to make money, even if the stock market didn’t go up or down? Well, there’s a way to do it and it’s called the Iron Condor. An iron condor is a stock options strategy and a lot of investors eyes start to glaze over when they hear stock options, because they think stock options are either really really dangerous, or really really complicated.
There’s certainly some stuff to learn before trading an iron condor, but it’s not too bad.
First, the profit and loss graph for an iron condor is shown below:
Second, finding iron condor positions isn’t too bad, especially if you are a subscriber to PowerOptions, because then you can find exactly the iron condor you are looking for, like from the example list shown below:
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Third, entering trades for iron condors isn’t too bad either, because PowerOptions provides a way to enter iron condor trades with selected brokers with one click using Brokerlink, an example of PowerOptions Brokerlink is shown below:
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The best thing about iron condors, is you can even make more money when the market moves, because then you can roll one side of the iron condor to make more money. You see, an iron condor is really a combination of bull-put credit spreads and bear-call credit spreads as shown below:
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So, if the underlying stock of the iron condor increases, then the bull-put credit spreads can be rolled and if the underlying stock decreases, then the bear-call credit spreads can be rolled as shown below:
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Sounds easy right? Well, there’s other stuff to consider, like stop-losses and AM settlement, etc., but we’ll talk about that on another day.
The biggest complaint about the rolling iron condors is the amount of effort required, and that’s why PowerOptionsApplied provides its Chromium product. With Chromium, all you have to do is sign up for autotrade with optionsXpress and the trade entry, stop-losses, rolling, etc. is all handled for you.
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So if this all sounds good to you, you can go sign up for Chromium at PowerOptionsApplied and start rolling in the dough.
For more information about how to identify and research great option trades, visit the PowerOptions website. There you will find the data you need to make quick, clear, and informed decisions. You can trade knowing you have found the best investment. Also, PowerOptions will allow you, with a few quick clicks, to quickly and accurately compare trades. PowerOptions’ premium customer support is second to none in the industry. They can be easily contacted when you need them at their toll-free number to answer customer questions. Call them now toll free at 877-992-7971.
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PowerOptions provides a free 14-day trial of its service. So join PowerOptions today, and you too can start reaping the benefits of the covered call investment strategy.
PowerOptions’ sister company PowerOptionsApplied provides expert stock option trading recommendations. PowerOptionsApplied specializes in covered calls, naked puts and iron condor stock options strategy recommendations. PowerOptionsApplied provides a 30-day risk free trial of its service.
[tags] stop-losses, AM settlement [/tags]