Selling Iron Condor Trade Of The Week – Options

Posted in: Options Trading, Trade Of The Week, Trading Article

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For this week’s Options Trade Of The Week we will look to sell an Iron Condor on Target (Symbol: TGT). Target released their quarterly earnings this past week which can often times lead to a period of consolidation – sideways market.

One way to make money from a choppy stretch is to sell an Iron Condor.

Instead of looking for a big move higher or lower, the Iron Condor is a trade that looks for the stock to stay inside of a range or what we call a profit window. As long as it stays inside of the profit window we can make money from time decay and volatility decreasing.

 

Short Iron Condor

In the video below, I will walk through our thought process on selling an Iron Condor on TGT and also piece it together from start to finish.  Next week we will recap our open trades and also look to add a new trade of the week.

 

Questions About Trading Options?

If you watch the video and have any questions, please feel comfortable reaching out to me at mike@netpicks.com.  No question is silly and I have made it my mission to help anybody looking to trade in the Options market find some level of success.

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CoachMike

4 Responses to “Selling Iron Condor Trade Of The Week – Options”

  1. Mary Settle

    I tried to get filled on the TGT iron condor for 0.5 credit on Friday and 0.48 today and neither was filled. Is this still a valid trade? And at what price?

    Reply
    • CoachMike

      It is still a valid trade as long as you can get filled at $.45 or higher. Iron Condors can be tricky to get fills on if the volumes are light. You should have a good chance of getting filled on this over the next few days.

      Reply
  2. Mary Settle

    On IDDX, when I create a closing order the max price is $3.70. Should I put in the order for that or put in for $4.00 GTC?

    Reply
    • CoachMike

      Mary feel free to email Rick directly as he will be able to help out with more specifics on the IDDX trade. His email is rick@netpicks.com.

      Reply

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