Regular Income Option strategies - Iron Condor & Iron Fly

Options trading, Iron Condor , Iron Fly, High probability trade, Call options, Put options, Hedging, Credit strategies

What you'll learn
Iron Condor
Iron Fly
Hedging of options
Using delta for strike price selection
Credit strategies
Adjustment techniques incase trade goes against you
Call option spread
Put option spread
High IV strategies
Regular Income strategy
Increasing probability of profit
Description
Iron Condor and Iron Fly are very popular option trading strategies due to their defined risk and reward and you can formulate your strategy methodically using delta.

Iron Condor and Iron Fly are known as extensions of strangle and straddle. They also can formulated as a combination of credit and debit spreads.

These strategies you can easy replicate and do on a continuous basis to get regular income. People who want to trade in high IV scenario using hedging options can go for this.

During this course you will learn

Iron Condor and Iron Fly basic construct

Types of Iron Condor

Pay off diagrams of Iron Condor and Iron Fly

Adjustment of Iron Condor and Iron Fly

Selection of strike prices

Call credit spread selection

Put credit spread selection

Usage of delta

IV Rank and IV percentile for strategy selection

Backtesting with past data and case studies

Efficiency of the strategies during earnings season

This is advanced option course so basic understanding of option buying, option selling and option greeks is required. For the benefit of the students I will recap some of the key terms which will help you in understanding the strategies in a easier way.

At the end of the course you will be in a position to understand these hedging strategies in a very detailed manner and will be able to select your strategy accordingly.

Who this course is for
Traders who are interested in regular income
Traders who want to use hedging as main tool in options market
People who are interested in advanced option strategies