Bullshit Free Guide to Iron Condors - Options trading IQ

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CAPITAL LEVEL The SPY ETF is approximately 1/10 the value of the SPX Index. Those with a smaller capital balance may be better off trading SPY, as trading SPX may mean their capital at risk is too high. DIVIDENDS While not a huge consideration, ETF’s pay dividends while index’s do not. When an ETF goes ex‐dividend, the price usually drops by the amount of the dividend. This is something that you may need to take into consideration when selecting your strikes. ETF traders would also need to keep an eye on this close to expiration due to early assignment risk as discussed previously. Homework Assignment: Analyze your situation for each of the above 5 points and decide whether you will be trading ETF’s of Indexes. 54
RECOMMENDED READING There are a couple of books that I recommend, but it depends on what stage of you development you are at. For beginners, who still feel they need to learn some of the basics of options trading, check out the following books: The Bible of Options Strategies – Guy Cohen Options Made Easy – Guy Cohen For those who have a good knowledge of options, and want to take things to the next level, check out these books: Profiting With Iron Condor Options – Michael Blenklifa Option Volatility and Pricing – Sheldon Natenberg Trade Your Way to Financial Freedom – Van Tharp Definitely check out some of the above books, I guarantee you will not be disappointed. 55
Page 1 and 2:
BULLSH*T FREE GUIDE TO IRON CONDORS
Page 3 and 4:
Table of Contents Connect………
Page 5 and 6:
CONNECT WITH OPTIONS TRADING IQ Fac
Page 7 and 8: WAY too many index calls for my exp
Page 9 and 10: TRADING AS A BUSINESS The most impo
Page 11 and 12: CHOOSING AN OPTIONS BROKER Whether
Page 13 and 14: TRADINGG JOURNAL CRE EATIN NG A TRA
Page 15 and 16: WHAT IS AN IRON CONDOR The Long Iro
Page 17 and 18: PUTTINGG IT ALL TOGETHE ER Placing
Page 19 and 20: WHY IRON CONDORS ARE THE BEST STRAT
Page 21 and 22: Overview IRON CONDOR TRADING PLAN T
Page 23 and 24: Money Management Rules Rules for Le
Page 25 and 26: ENTERING TRADES IN YOUR BROKERAGE A
Page 27 and 28: For what it's worth my preferred me
Page 29 and 30: WEEKLY IRON CONDORS Another variati
Page 31 and 32: Date: Deecember 12, 2012 2 Strategy
Page 33 and 34: ADJUSTING IRON CONDORS Despite what
Page 35 and 36: VOLATILITY IS YOUR BEST FRIEND Lear
Page 37 and 38: From the above table, you can see t
Page 39 and 40: To now wwork out the Pro ofit and l
Page 41 and 42: HOW TO CALCULATE ROI ON IRON CONDOR
Page 43 and 44: MANAGING THE RISKS One of the first
Page 45 and 46: • If you use a Stop Limit, you sp
Page 47 and 48: 10% of the monthly income I am gene
Page 49 and 50: TOTAL NET CREDIT RECEIVED = $940 Th
Page 51 and 52: position. However, if the Flash Cra
Page 53 and 54: Very interesting here what a 20% ri
Page 55 and 56: WHAT ABOUT THE RISK OF EARLY ASSIGN
Page 57: OTHER THINGS TO CONSIDER REGARDING
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Bullshit Free Guide to Iron Condors - Options trading IQ

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