Iron condor
47
MENTIONS
8
EPISODES
4
PODCASTS
Search complete. 47 mentions across 8 episodes found for "Iron condor".
Oct 28, 2026
Tom PrestonSOUNDBITE_SPEAKER
OK, now the next question is, well, OK, Tom, that's great.
Tom PrestonSOUNDBITE_SPEAKER
But if I sell an iron condor in zero DTEs and collect a certain amount of credit, if I use those same strikes in a one day or two day expiration, I'll collect more credit.
Tom PrestonSOUNDBITE_SPEAKER
If I go out to five days, the credit is bigger still.
Tom PrestonSOUNDBITE_SPEAKER
Yes, of course it is.
Tom PrestonSOUNDBITE_SPEAKER
more time to
Christopher UhlHOST
and it should be right we talked about that earlier if the average move over five days is twice the size of the average move over one day you should be making that much more money i totally agree
Tom PrestonSOUNDBITE_SPEAKER
expiration you do get higher option prices here's what i want you to think about let's go in and look at some zero dte a zero dte iron condor um
Christopher UhlHOST
by the way let's let's break down what iron condor is real quick so the current price at the time of this recording on spx remember this is the actual market itself this is not an etf this is the actual market if you trade this and you get assigned you don't get assigned shares of spx because they don't exist what you get is dollars or in your account or taken from you okay but to this point We're looking at SPX.
Derek TaylorHOST
It's down 25 points.
Derek TaylorHOST
I had an iron condor.
Derek TaylorHOST
The call side is so worthless.
Derek TaylorHOST
Nobody's willing to take the other side of the trade.
Derek TaylorHOST
Basically a nothing trade.
Derek TaylorHOST
It's unfortunate because I really thought that was going to be a big winner because when we opened, Bloom Energy was down only $10 today.
Derek TaylorHOST
That was going to be a home run for the Iron Condor.
Derek TaylorHOST
But right when we opened, it went down from being down just $10 to being down like $20.
Derek TaylorHOST
Tesla, I played with a one-day, or excuse me, a two-day, because it expires, the options expire on Wednesday, a weekly trade.
Derek TaylorHOST
I played it with an iron condor.
Derek TaylorHOST
Tesla barely moved, or at least it was barely moving this morning.
Derek TaylorHOST
Let's see where it's at right now.
Derek TaylorHOST
Yeah, it's barely moved.
Derek TaylorHOST
My iron condor was a home run.
Derek TaylorHOST
Took like 75, 80% profit on that.
Derek TaylorHOST
The profit from Tesla and the Iron Condor will make up for the loss in Meta.
Tony BattistaHOST
Trade earnings to sector ETFs? Or does that just shrink the payday? Prediction markets say 94% chance the Fed holds.
Tony BattistaHOST
Would a surprise hike spook stocks? today's topics these topics and a look at iron condors tom's trades of the week your calls and questions from the dog pound i'm tony he's tom scott is up next and this is one lucky dog let's go even the s&p's had a decent range last night about 40 ish handles down look they got up to around up 35 they were down 10 at one point they're up 19 that's all last night They're up 19 or 20.
Tony BattistaHOST
They've been sitting here all morning.
Tony BattistaHOST
We just made a little bit of a rally up to 30.
1 HR 20 MINS LATER
Scott SheridanHOST
But that is the bad, is that volatility won't show up.
Scott SheridanHOST
If you believe in it, I just said 6%, 7%, 8% of these moves just seems low to me, but that's the marketplace saying that these stocks are not supposed to have big moves this week based off of earnings.
Scott SheridanHOST
I like iron condors in a lot of situations, not always, but I do like an iron condor.
Scott SheridanHOST
And I think especially for somebody that has a smaller size account, that wants to put on, you know, instead they can't do a strangle, you could just go to an iron condor and now all of a sudden you've defined your risk.
Tony BattistaHOST
The NASDAQ was about 100 handles lower than that.
Tony BattistaHOST
This is just a classic iron condor.
Tony BattistaHOST
I decided to do November.
Tony BattistaHOST
You can go out to December if you want to.
Tony BattistaHOST
It was really delta neutral, maybe to be $0.10 one way or the other.
Tony BattistaHOST
Probably a little bit higher because volatility is a little bit higher too.
Tony BattistaHOST
Classic iron condor for 29 days.
Tony BattistaHOST
Hard to argue with it in the Q's.
Derek TaylorHOST
Um, let's see.
Derek TaylorHOST
RTY, turn on some iron condors and ratios in RTY.
Derek TaylorHOST
You know, I've got, you know, a little bit of protection to the downside of some trades, right? Don't necessarily hate the market going down.
Derek TaylorHOST
You know, I've got some extra profit potential well below the market on some of my positions.
Derek TaylorHOST
Yeah.
Derek TaylorHOST
Mitch says, "Do you trade SPX, and what strategy do you use? I've been starting with an iron condor and then closing the tested side, adjusting strikes on untested enough to make back the loss untested plus profit." Yeah, I don't trade a lot of, uh, iron condors, uh, in the index products, but I don't necessarily hate the strategy.
Derek TaylorHOST
Uh, if you do it, don't put a lot of time on those trades because the call side is going to get tested on products that tend to have a positive drift, right? SPX, of course, the S&P 500, has a strong positive drift.
Derek TaylorHOST
You're not gonna like the call side of an iron condor.
Derek TaylorHOST
Uh, if you put on iron condors in this thing, I have found that really anything that has any kind of bearish component, so anything that involves a naked call or a call spread, a short, uh, call spread, call credit spread, like an iron condor, don't go past 30 days on those trades.
Derek TaylorHOST
If you put a ton of time on it, like 60 days or 90 days, you're giving the market, which has that positive drift, a lot of time to beat you on the upside... on the, the call side of that iron condor.
Derek TaylorHOST
So iron condors, if you're gonna play those in SPX or ES or any of the S&P 500, uh, products, put them on at 30 days.
Derek TaylorHOST
Don't go past 30 days.