The Iron Condor is a popular options trade … and often one of the first trades that options spread traders learn about.
Options traders are excited to learn that they can make money when the market goes up, make money when the market goes sideways…. and even make money when the market goes down!
As long as the market doesn’t go “too far” in either direction, you are a winner.
Sounds great, right?
Well, there’s more to it than that. Here are just three hidden challenges with traditional iron condors:
#1 To fully experience the “high probability” of an iron condor, your risk is often 8 to 9 TIMES as much as your peak profit! This is just not a sustainable way to trade.
#2 To reduce this risk, many options traders implement a stop loss. But, a stop loss reduces the probability of winning… to less than 50% in some cases.
#3 A traditional iron condor can lose money very quickly when the market rallies by just a moderate amount. This makes traditional iron condors actually very risky in bull markets… even more so than market sell offs.
These are just three issues with a traditional iron condor that we have seen many options traders learn about … often, the hard way.
Many traders have tried to solve these hidden challenges, but none have done it as well as “The Queen of Iron Condors”, Amy Meissner. She’s arguably one of the most successful iron condor traders and instructors in the world.
Would you like to see what she has to say about the challenges of traditional Iron Condors?
Click here to get free access to a 15-minute video from Amy’s new course. Get a feel for how Amy has identified the challenges of the traditional Iron Condor and see the benefits of her new and improved methodology called the “Asymmetrical Iron Condor”
