Time For A Market Neutral Strategy (Iron Condor)

I show how I would enter a market neutral Iron Condor trade.
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[@glene2942]

Thanks for the video, a lot of good information here. I liked the way you explained how to use the analyze tab, and the effect of IV.

[@theUnprofitableTraderYT]

Pls keep making videos.

[@dividenddepot]

Great content, its been a challenging last 30 days, taking a step back from choosing a direction is not a bad idea.

[@donnowakowski4224]

Thanks for the education. Much appreciated

[@chocostrawbe]

What other option strategy we can use for market now - neutral ~ bearish? And how do we scan for the best suitable stocks now to use IC on? And thanks for your videos, I always learn something!

[@yieldcollector]

If you are neutral/bearish you could always do a Call Credit Spread. I like to use the Market Chameleon Iron Condor screener for stocks. I will make a video about that in the future.

[@chocostrawbe]

Thamk you !!

[@darekwilk3806]

Do you consider directional tilt with IC with this kind of IV when not high enough for credit spreads? thanks for your work, learning a lot also with TOS use..

[@yieldcollector]

Yeah you can play with the strikes until you find a credit you are happy with. Unbalanced Iron Condors are fine.

[@Metodo3]

Does higher IV means Higher Delta as well? Great video, Thankyou

[@yieldcollector]

It's all relative. The 1 standard deviation range would be larger so your Iron Condor profit zone would be wider. The probability percentage would be the same, though. Option premiums would be better, too.

[@lp2611]

great video! Just for reference, are you trading with a large account, say 7 figure or smaller?

[@yieldcollector]

In my trading account where I do Iron Condors it is about $75k.

[@francoiskeulen]

Let's say the stock price is up (or down) a Standard Deviation, do you close the existing iron condor and start over with a new one?

[@yieldcollector]

You can if you want to. I personally let the trade play itself out and see if it rebounds. If it is not rebounding I usually close it with 1 dte for a loss.

[@josephsaeteurn9158]

So if the probability of wining is high that mean we will win most time. But for the 1 or 2 times we lose, we talking about hundreds. Doesn’t seem like something I want to do. You win $70 with risk of hundreds? Or what am I not understanding?

[@yieldcollector]

That's fine. This type of trade isn't for everyone. That being said, you do not need to take a full loss if the trade moves against you a lot. You can always close it out for a partial loss if you wanted.

[@dylany7701]

There's no free lunch....