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Strangle Replacement by Various ICs

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

For tastybites traders, it is difficult to consistently trade undefined risk strategies (like strangles) due to their large margin requirement. One way to replicate a strangle is to use an iron condor, which defines the risk and reduces the margin.

Today, Tom and TP walk through the tradeoffs of Iron Condors and Strangles and how strike selection for Iron Condors influences how closely it will resemble an undefined risk position from a POP, P/L and ROC standpoint.

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