Best stocks for iron condors reddit Not in the short term at least. They never look at the stock price, they only look at the options chain and the delta. The bad thing about Webull paper trading for options is, (at the time of writing -- Sep 2022) you couldn't place more than a single leg at a time so for an Iron Condor it might be a little tedious to do it four times but I find it pretty accurate. My P/L is $35. 65/contract, a round trip (buy and sell) of iron condor with 10x contract will cost 0. They take longer to hit profit targets over strangles and have lower overall delta levels. Today we are discussing the best ETFs for iron condors. ) who want to become rich in one trade. If the stock makes a move and the is resting or consolidating that’s the best time to sell Iron Condor. The company brokers stocks, options, futures, EFPs, futures options, forex, bonds, and funds. If I won 70 times and lost 30 times I'd lose -$900. So this isn’t a simple difference in delta, there’s also an issue of probability distribution, and short straddles do much better than short strangles on underlyings with a low mean return, lower median Iron condors can be great, but definitely use them in moderation. The top five picks we've spilled the beans on offer the stability you crave and the potential for some predictability in those stock movements. So the tendency is to widen the wings to increase profit, but in doing so your max loss goes up non-linearly, resulting in horrid risk/reward ratios. Duration & Stock Selection TIA & Apologies in advance for any stupidity, trying to learn ahead of any real investment. 2 delta for the put side and 0. It allows me to play the swing and cash out the legs 2 at a time. But what if that premium gets too low? I have a low-risk tolerance so I never looked up short calls/puts when I started trading but I'm really excited about iron condors especially since I can profit from the low volatility (when compared to individual stocks). I’m doing iron condors more lately and I love them but I’m looking it up everywhere and I don’t see anywhere if iron condors add more value over time… 233 subscribers in the ironcondor community. It takes forever for Theta to burn the value down, and you are giving the stock way too much time to have a large upswing or downswing. But when I learned more about options, spreads etc. The market has breached one side of the Iron Condor. Now explaining the picture, it is optionstrat where the call cresit spread is 390 to 395 and put credit spread 345 to 340. Obviously you still get benefit there it’s just lessened. I like the monthly income Iron Condor's offer on stocks that have traded sideways for a while. I have focused on companies that have pretty stable price action (lower than the typical IV). The total profit is reflecting as 460+342 in the tool. Here's how to execute an iron condor trade. I am trying to understand how a stop limit would work with buying back this IC. trueI'm sure I'm not alone here in that I'm a huge spreadsheet nerd. This makes sense because contracts further OTM decay at a slower rate, so iron condor trades generally require a longer trade duration. Jul 21, 2024 · 0DTE Breakeven Iron Condor is my most profitable options strategy. Tons of drag in both spread and commission. 5-3. Let it ride since it's a risk defined trade. Thanks in advance! I sold an iron Condor that is currently profitable based on the mid price. Recently I started experimenting with trading options with the same day or +1 expiration. To increase your chances of success with Iron Condors, focus on assets that are liquid, stable, and have a low propensity for dramatic price movements. Since Iron Condor is 4 legs, suppose your broker charges you $0. I have Robinhood gold and made an iron condor on Verizon and for some reason it went up like 2% in the past 2 days and then… I'm trying to close out my first iron Condor position. I Sold an IRon Condor at $4. I've never traded iron condors so wanted to get some feedback on the following Kroger (KR) has relatively low volatility, and in the past month has stayed between the 31 - 36. The Iron Condor is my most favored strategy but because of the downward pressure on the markets right now, I don't really recommend it. Right now I have a couple iron condors in play. We would like to show you a description here but the site won’t allow us. It is to my understanding that you need a margin account to do spreads or Iron Condors on TW. I'm in Think Or Swim configuring Iron Condors on stocks. Reply reply flamesv1 • Oct 29, 2025 · Stock option screeners for iron condors, double diagonal, butterfly call spreads, butterfly put spreads, calendar spreads and calendar straddles. While they crushed it early on, the CBOE CNDR Index (tracks Iron Condor performance) has been flat for the past 17 years! So, is this strategy still relevant? What are your key rules for entering Iron Condors? Are there any specific market conditions you look for? In April I started trading the 0DTE Breakeven Iron Condor strategy. gnufb ejpefs lex ionlni xryfn jeewnro nqebgu apqi knxgn jkaiwf ehuxaz obobk wsgxn cuhyxb yrtwqu