There are a few key differences between static and dynamic iron condors that are important to keep in mind.Balanced (Static)
- Less capital required
- Lower probability of profit
- Lower max loss
- Higher probability of profit
- Higher max loss / capital required
- Higher dollar profits
The main thing to keep in mind is that the P/L as % of max loss is the same for both iron condors. This means that risk-reward is proportional: dynamic IC make more money but take more risk, and the balanced IC is the opposite.