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Bullshit Free Guide to Iron Condors - Options trading IQ

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Very interesting here what a 20% rise in implied volatility does in the case. The long put is very long in Vega, so a rise in volatility will have a huge impact on<br />

the <strong>to</strong>tal position.<br />

3) Use weekly options when you feel protection is needed – Some people may prefer <strong>to</strong> leave their <strong>Iron</strong> <strong>Condors</strong> unhedged unless a specific circumstance<br />

calls for it. In this case, using weekly options can also work. Reasons for adding a very short term hedge could include:<br />

a. There is an important economic announcement planned<br />

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