Overview
Imagine an Option strategy that thrives on calm markets, offering a way to generate short-term or long-term income if the markets move sideways. Rather than predicting where the market will go, Iron Condors are designed to reward you for predicting where the market won’t go, and profit as time erodes Option premium values.
When executed correctly, Iron Condors offer a reliable way to earn short-term or long-term returns provided prices remain within a defined range. This course will teach you three distinctly different approaches to trading Iron Condors, first a traditional approach using market timing, second, a multi-entry approach to achieve better accuracy, and third, a wealth-based approach to generate more consistent, low risk ROI.
Unlike directional trades that require constant monitoring, Iron Condors focus on range analysis, risk management, and precision adjustments. By setting clear profit and loss boundaries, traders gain greater control and can reduce emotional decision-making, making this strategy ideal for those seeking a structured, non-directional approach.
Similar to non-directional Credit Spreads, Iron Condors allow traders to benefit from both bullish and bearish movements simultaneously, provided prices remain within designated risk management zones. This flexibility makes them a powerful tool for those looking to capitalize on market stability without needing to predict exact price direction.
Trading Academy’s step-by-step, rule-based instruction teaches traders how to identify high-quality setup candidates, utilize key options analysis tools, and manage trades effectively rather than focusing only on the double premium as novice options traders tend to do. Through live market strategy sessions and interactive lab exercises, you’ll gain the hands-on experience needed to confidently execute Iron Condor trades in real market conditions.
Note: This class provides information about Iron Condors and offers instruction on how to trade them.
This course will cover:
- How to trade Iron Condors for short-term and long-term opportunities
- How to avoid the same common mistakes most novices make when trading Iron Condors
- How to understand, analyze and properly execute the complete Iron Condor strategy
- Identify the advantages and pitfalls associated with Iron Condors
- How to use this strategy in IRA or Non-IRA accounts
- How to use charting techniques and the IV gauge
- How to make adjustments to Iron Condors that need additional time.
Audience
This course is designed ideally for students who have completed Trading Academy Core Strategy and Professional Options Trader class. Traders with Options experience and/or prior Options education will benefit from learning these strategies.
Prerequisites
Core Strategy and Options Trader courses are required.
Duration
Approx. 6 hours of live instruction & 1, 1-hour live session delivered weekly for 4 weeks post-class
Access
6-hour class when purchased includes 4, 1-hour application sessions accessible from the same course
Class Type
Live Online class with Application Sessions