Hi Vandollar,
An iron condor is a double credit spread involving a bull-put spread and a bear-put spread constructed on the same stock or ETF. Many folks are attracted to them because of the double premium taken in at the outset of the trade.
Michael
www.safe-options-
--- In ConservativeOptionS
>
> Please explain what an iron condor is thx
>
> --- On Wed, 1/27/10, fred barbour <barbour2p@.
>
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> From: fred barbour <barbour2p@.
> Subject: Re: [ConservativeOption
> To: ConservativeOptionS
> Date: Wednesday, January 27, 2010, 8:34 AM
>
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> Â
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> Tom and anybody else reading this:
> Â
> Iron Condors are considered high risk trades.
> Â
> Fred
>
> --- On Tue, 1/26/10, Tom Clark <tec@thomark. com> wrote:
>
>
> From: Tom Clark <tec@thomark. com>
> Subject: [ConservativeOption Strategies] Iron Condors - Conservative Strategy?
> To: ConservativeOptionS trategies@ yahoogroups. com
> Date: Tuesday, January 26, 2010, 10:06 PM
>
>
> Â
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> Are Iron Condors considered enough of a conservative strategy for
> discussion here?
>
> If so than I can only assume that some readers of this group may use
> IC's. I am considering expanding my use of options to include Iron
> Condors and I'm looking for a mentor. I'm not looking for someone to
> teach IC's, I've got the general idea, I just want someone with whom
> I can bounce trade ideas off of and who might just keep me form going
> off the deep end. All of this would be off-line from the group. If
> interested drop me a private email.
>
> Thanks
>
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