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 email@example.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.