Wednesday, May 6, 2015

Trading Iron Condor

image: from book cover

"A condor is a big bird with a wingspan that can reach 10 feet.  When it flies, it flaps only occasionally and glides most of the way.  The silent, patient image of this lovely bird floating through time and space will provide a useful metaphor for the trade you will learn.

Like the flapping of its wings, the opening and closing of a condor trade should be done infrequently.  The patient drift through calm air reflects the slow and steady time decay and the low volatility that will lift our profits.  Treat this awesome bird with the respect it deserves and you can ride on its wings."

Profiting with Iron Condor Options, by Michael Hanania Benklifa.

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