Though IRA traders may have a limited group of strategies at their disposal, theis still a strategy that is IRA-compatible and widely used by traders because of its historical profitability. However, many tend to think of the Iron Condor as a zero-sum game do to its and tendency to have a larger risk relative to the credit generated. Tom and Tony dispel those rumors in this segment by going through how we make this strategy profitable.
We take the short Iron Condor from a losing expected outcome at start to a profitable one by first looking to. We also understand that the Iron Condor is a defined-risk strategy and thus has a maximum loss amount, but this maximum loss amount has been rarely seen historically. Finally, looking for high before initiating the position grants us an even greater edge in the way of a larger credit and wider breakevens. The segment above highlights all this and more! Take a look for further details.