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Soaring with Condor Options: Trading Strategies from the Frontline by Michael Hanania Benklifa

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Soaring with Condor Options

Trading Strategies from the Frontline

Michael Hanania Benklifa

A condor is a complex options trade that creates a “zone,” as illustrated in Figure 1, in which a profit occurs over time and within a specific price range. Correctly picking the direction of price movement is not necessary. Understanding the dynamics involved in the trade is the key to long-term success and limited risk.

image

Source: OptionVue 6

Figure 1 S&P 500 Index

Too Good to Be True

Too many people trade options without knowing about the range of risks they face, or without first acquiring the knowledge they need. Condors are lucrative, and you can create ...

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