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vi<br />

Profiting with Iron Condor Options<br />

Chapter 2: Placing a Trade ......................................................59<br />

Two Out of Three ....................................................................60<br />

Time ..........................................................................................63<br />

Position ....................................................................................68<br />

Fundamentals ..................................................................69<br />

Charts..................................................................................71<br />

Delta ....................................................................................75<br />

Price ..........................................................................................80<br />

Putting It Together....................................................................83<br />

Why Enter a Trade? ..........................................................85<br />

Rules for Putting on a Trade ..............................................89<br />

Sideways Market ................................................................91<br />

Uptrending Market............................................................92<br />

Downtrending Market ....................................................98<br />

Shape of the Curve ............................................................98<br />

Chapter 3: Trading Journal ..................................................105<br />

Staying Through Expiration ............................................106<br />

Expiration Friday ..................................................................108<br />

Parameters for Exiting a Trade ......................................109<br />

Adjustments ..............................................................................111<br />

Journal of Actual Trades..............................................111<br />

The Perfect Trade ............................................................112<br />

Sideways Market..............................................................112<br />

Great Trade in a Down Market......................................118<br />

Not-So-Pretty Trade ..............................................................121<br />

Everything Goes Wrong ......................................................124

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