With Iron Condors, you effectively have two Vertical Spreads: a Short Put Spread below and a Short Call Spread above. As a result, when one side becomes a clear winner, it can be tempting to leg out of the strategy and close that side. But if instead you choose to keep the strategy in tact, that winning side can be the reason you’re able to roll the strategy out to future cycles and buy more time. With both our ROKU and SPY Iron Condors, we see this exact situation benefitting us.
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