Make $2000 in Weekly Income with Iron Condors: An Easy Method for Risk-Managed Options Trading

[@gulee]

Very well explained and nice graphics!!👍👍👍

[@joecole111111]

Good Scanner, that really improve the win rate, thanks so so much!

[@RickOrford]

You're welcome!

[@coachyamyam9666]

Great content. Thank you. What if I did an iron condor on SPY and I get early assignment? How do I avoid that? Or just pick stocks with no dividend or earnings week?

[@RickOrford]

It’s rare to get assigned before expiration. To lesser the chances, watch the stock prices vs short strikes. If they approach, consider adjusting the side of the condor that’s at risk.

[@ramp2011]

I do something similiar but when NFLX gets close to your short or long strike, the cost to close increases quite a bit. You loose lot of money to close the losing trade and not just $2.

[@RickOrford]

Correct- the original short option will be more expensive- however, if you sell another to adjust the trade, it will more than likely negate any losses.

[@oggg4037]

No doubt, this is one of the best videos about IC and I've seen a lot. I have one question though - most of the traders suggest to roll the side of the IC, which is not under pressure to the side which gets threatened, instead of closing/re-opening the threatened side. Which approach is better and why?

[@RickOrford]

Thanks for the kind words! To be sure, if one side of my condor is threatened- that’s the side I’ll adjust- as it’s the side that’ll cause a loss. The other side is not threatened! Eg. your the strikes are 100 and 150. Suppose the stock goes to 148-149… I’ll adjust the bear call side - the 150. Not the 100. Hope that helps!

[@oggg4037]

Not sure if it is appropriate to share other videos here, but if I understand things right this guy is saying exactly the opposite kzbin.info/www/bejne/i6eUh5aIgtN-jdEfeature=shared Please don't get me wrong. I am not saying who is right and who is wrong as I am still learning to trade. On the other side SMB Capital is basically repeating your words here kzbin.info/www/bejne/omileZqaZ7WCbKMfeature=shared. And again thank you for the great content you create

[@TESLA_MOTOR]

How does this trading stuff work? Am really interested but I just don't know how it go about it. I heard people really make it huge trading

[@BITCOINLIFESTYLE]

You actually need an expert trader assign by a registered brokerage company to help you out. I currently trade with Mrs Mary Gail Benner. I think she's the best when it comes to investment.

[@TESLA_MOTOR]

Please how do I contact her?

[@BITCOINLIFESTYLE]

She's on telegram

[@BITCOINLIFESTYLE]

Benner10 ✌️ That's her username.

[@NicoleCarter3]

Mary Gail is the key to robust profits. I'm currently trading with her also. Started off with a low amount and now my portfolio is unbelievable.

[@RockMannSBOHangouts]

Great video. My wife and I also enjoy your travel videos. Thanks

[@RickOrford]

Woah, cool!!

[@EdED-gg6fr]

Nice explained ! By opening a strategy at my broker, iron condor,…, strike prices and call/put, are already there, pre defined, and that’s fine of course but it doesn’t take in account the price which technical analyses shows, nor does the options scanner…, so how should this price be implemented in an strategy?

[@RickOrford]

Thanks for the kind words! Which price are you looking for?

[@EdED-gg6fr]

@@RickOrford The price of technical analyses outcome, bullish or bearish, so one side. It is sometimes a few points away from the pre defined strike price in the same direction but occasionally more than a few points and sometimes in both directions.... Maybe i must shorten this, must you stick, for better result, to the pre defined strike prices, and if you don't how can you make the best use of, analysed, bullish/bearish, prices in a strategy? Thanks

[@Ablast024]

Very well explained. Thank you for the video!

[@RickOrford]

Thank you for watching!

[@reesereese6510]

I seen the profit potential you said on the trades but I dont remember seeing you explain how much it would take to put on the trades?

[@RickOrford]

It depends on the trade, however - Iron condors don’t usually need large amounts of capital.

[@reesereese6510]

@@RickOrford Oh ok thanks. Large amounts is subjective person to person and really dont really say much as that can be any number

[@RickOrford]

True!! In general, my condors will have $100-$500 at risk.

[@RickOrford]

🔥 Join me on Discord: rickorford.com/discord

[@kathrynferrell1045]

Excellent information. Thanks.

[@RickOrford]

Thanks!

[@LslithGnanasiri]

Good presentation

[@RickOrford]

Thank you!

[@INDIANATHEIST526]

What be SL and target per trade sir?

[@RickOrford]

What do you mean by SL? As for a profit target- I don’t usually consider that- rather, for me, my chances of profit/loss are far more important.

[@theowenssailingdiary5239]

Surely this channel is to direct people to brokerages and other things that you are affiliated with - certainly smells like that.

[@RickOrford]

Thanks for your comments- it’s always best to seek qualified investment advice before hitting the buy button, wouldn’t you say?

[@theowenssailingdiary5239]

Couldn't agree less!! You need to make it clear that you are a paid actor. Id rather get advice from somebody with a verifiable story who isn't selling his arse. @@RickOrford

[@Whogivesadang]

This only works if you can predict the market. A black swan event would wipe out all your progress and then some.

[@RickOrford]

Correct- and that’s why 1) it’s important to keep the width of your short spreads wide, and 2) know your chances to profit before entering a trade.