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Strategies for IRA

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Skewed and Unbalanced Iron Condor in FXE

Strategies for IRA

Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.

When we are looking to place an Iron Condor in order to take advantage of a high Implied Volatility Rank, we have a couple different choices. If we are looking to reduce the risk to one side of a trade in order to take our market assumptions into account, we can move one side closer to the money and/or take on additional risk by buying a long strike that is further away.

Today, Tom Sosnoff and Tony Battista look to take advantage of both methods to reduce risk on one side of a trade. The guys will place a skewed and unbalanced Iron Condor in FXE. Since FXE has been beaten up recently, they will place the short put closer to the money and look to buy a wider put spread (4pts compared to 2pts on the call side). This allows them to bring in additional credit and reduce to the risk to the call side, playing for a bounce in FXE!

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