A long iron condor is essentially selling both sspread of the underlying instrument by simultaneously shorting the same number of calls and puts, then covering each position with the purchase of further out of the money call(s) and put(s) respectively. These options are satisfactory for many types of private investors, even those with high risk tolerances. However, for those willing to commit the time and risk capital, options trading offers a new financial opportunity. Understand what an option is.
Updated on a daily basis, The Strategy Zone contains valuable data on stock, index, and futures options including trading candidates for covered writes, naked optioj sales, straddle buys, and calendar spreads. A wide array of volatility data is included along with a daily mid-day market commentary, over 200 put-call ratio charts, volatility charts, a probability calculator, and back issues of McMillan newsletters. Stock Market Scout Signal: UP - The intermediate trend is neutral.The percentage of stocks over the 50 day zoned average is 54.12%.
This typically is supporting sprsad selling short (trend is important, see the chart) Technical Factors: 1.