How To Trade Iron Condors on Robinhood (Passive Income Strategy)
Вставка
- Опубліковано 20 лют 2022
- The BEST Option Strategy - how I make passive income with iron condors!
My Portfolio Tracker : / pandreafinance
🔸Get 2 FREE Stocks w/ Webull : a.webull.com/i/PandreaFinance
🔸Get up to $250 of Crypto w/ BlockFi: blockfi.mxuy67.net/n1yXjR
🔸GET A FREE STOCK w/ PUBLIC.com : pblc.co/pandreafinance
🔸Free Stock and Paper Trade w/ Moomoo (deposit $100): j.moomoo.com/007xo6
🔸Earn Crypto w/ Coinbase: coinbase-consumer.sjv.io/oeOBze
Over the last few years I’ve tried pretty much all the strategies out there - buying calls and puts, selling covered calls, cash secured puts, strangles, straddles, the list goes on - but the one strategy that I found to be most successful is the iron condor. In today’s video I am going to teach you how to trade an iron condor on robinhood - which is probably the easiest way to learn and get a grasp of everything, especially as a beginner. Now we are going to go through 3 scenarios step by step to make sure everything is covered - first we’ll learn how to open the trade on the app, then we’ll see what happens during the trade and what we should be looking for, and then we’ll take a look at actually closing the trade as I know this is what a lot of people get confused about. We’ll also look at what happens if the trade goes against you and you end up losing on the trade - which is something we should know how to handle. Stay tuned to the end of this video because I will share with you my checklist of steps to follow whenever I place an iron condor trade.
Now to break it down in very simple terms - when you buy an options you are hoping for directional moves - so when you buy a call you are hoping that the stock goes up. When you buy a put you are hoping the stock goes down. If the stock goes in the direction you want then you will make money by the option contract increasing in value. Now on the flip side - when you sell options you are hoping that the stock does NOT have such a strong directional move - so when you sell calls you are hoping the stock does NOT reach your strike price - when you sell a put you are hoping the stock does NOT drop below your strike price - now you’re not necessarily hoping that the stock goes in the opposite direction but rather slowly move towards the strike price just not surpassing it. Now with an iron condor we are not taking a directional stance on the market. This in fact is a neutral stance by saying that I think the stock or index fund will trade flat and not have crazy directional moves. So with an iron condor what we want to do is pick two points - 1 point above the current stock price and 1 point below the current stock price. So to win this trade we want the stock to trade IN-BETWEEN these two points. If by the expiration date the stock stays in between these two points then you win this trade and make profit. An iron condor consists of 4 separate option trades. We are selling a call where we think the stock won’t reach, we are then selling a put where we think the stock won’t drop below. These are the two points that the stock needs to effectively trade between. We are then buying a call higher than the call we sold for protection, and we are buying a put below the put we sold, again for protection. Now I like to think of these two option buys as a hug around our trade - they are hugging the trade for protection - get it? So that made it easy for me to remember. Ok So when we open up an iron condor we are not paying out any money like we would be when we buy options. We are actually collecting a credit - just like we would be when selling options. So we are receiving a credit for putting on an iron condor trade. Our ultimate goal is for us to collect a credit, and then have the iron condor premium price to drop in value or expire worthless. If it drops in value we can then close the trade and keep the difference which will be our profit. If it expires worthless than we won’t need to close out the trade, it’ll just expire at $0 and you get to keep the entire premium.
Watch the full video for the live robinhood trades breaking down everything you need to know on how to trade iron condors and make some passive income!
I am not a financial advisor - none of the above video is meant to be taken as investment advice. I am just showcasing MY own strategy and my investments should not be tried and duplicated based solely off the information in this video for risk of losing money.
This is the best video you've done so far. These are real world examples of your trades rather than hypothetical ones. Well done!
📌Appreciate your feedback and thanks for watching! Don't forget to hit the like, subscribe button and for more guidance.... Note: whats app👇 .pls share,if you think it helps
✚①⑥①⑦⑥⑤⑦⑧⑥④⑨
Hit me up me now for other profitable platforms and opportunity for you..
no one on UA-cam explained Iron Condor better than you bro. you did an amazing job. Thanks a lot
Hit me up👆✉️
Thanks for watching!
Showing the actual trade is REALLLLYYY helpfull! Thanks a lot man!!!
This is an amazing visual explanation of the iron condor. I learned a lot. Thank you sir and congrats on the new baby!
This video made me realize for the first time in my entire experience trading options that it’s actually the bid price that gets your position filled almost immediately instead of the ask price.
Hit me up👆✉️..
Thanks for watching!
Great video! The visual step by step examples are what people need. Thank you.
Hit me up👆✉️..
Thanks for watching!
Alex, well done!!! Your best tutorial yet. I like the way you went through the entire live trade. Excellent. Thank you. 👍
📌Appreciate your feedback and thanks for watching! Don't forget to hit the like, subscribe button and for more guidance.... Note: whats app👇 .pls share,if you think it helps
✚①⑥①⑦⑥⑤⑦⑧⑥④⑨
Hit me up me now for other profitable platforms and opportunity for you..
Man I really like your content! Simply the best
The absolute best video on short iron condors. Appreciate it.!!
Hit me up👆✉️
Thanks for watching!
Love the quality & style if your videos. Very thorough. Also love that you showed the contract at expiration for 100 % profit. I haven’t seen anyone else show it, so was curious.
Hit me up👆✉️..
Thanks for watching!
Very helpful video, especially the information on closing the trade. Thanks Alex!
Thanks Lauren! Yea, I realized that these kind of examples were never shown all the way through so I was excited making this vid! Thanks for watching :)
@@PandreaMoney hey man. Just came across your videos last night. And started 3 weeks ago just looking into trading so I’m very amateur here. But my question is, are you looking at patterns, candles, ECT. on charts like “tradeview” to get your valid analysis before selling and buying options? Or do you take the risk off of the percentage of profit (85%) mentioned in the video that robinhood displays and see what happens?
Wow you covered it all 🙏🏼👍
Just wanna say that through trial and error and also through this and your many videos, I’ve been successfully trading iron condors with low risk strike prices for a monthly, not annual, 5% return on investment. Thank you for your videos, I know you’ve been out of the UA-cam scene for a while now, but I hope you’ll start up again.
The wheel still seems to present a better risk/reward ratio. It's also easier to close. If the stocks go down a lot you can always buy shares to lower your cost basis. If it goes too high you may have to wait a little for stock to come down. If not, you can move with another one and start selling puts to get a new wheel started. However, great content as usual: informative and entertaining!
📌Appreciate your feedback and thanks for watching! Don't forget to hit the like, subscribe button and for more guidance.... Note: whats app👇 .pls share,if you think it helps
✚①⑥①⑦⑥⑤⑦⑧⑥④⑨
Hit me up me now for other profitable platforms and opportunity for you...,......,
Really good video. Thank you for the content
📌Appreciate your feedback and thanks for watching! Don't forget to hit the like, subscribe button and for more guidance.... Note: whats app👇 .pls share,if you think it helps
✚①⑥①⑦⑥⑤⑦⑧⑥④⑨
Hit me up me now for other profitable platforms and opportunity for you....
Thanku so much 🎉
Now it's more clear. Thanks bud~
Thanks for watching!
📌Appreciate your feedback and thanks for watching! Don't forget to hit the like, subscribe button and for more guidance.... Note: whats app👇 .pls share,if you think it helps
✚①⑥①⑦⑥⑤⑦⑧⑥④⑨
Hit me up me now for other profitable platforms and opportunity for you....
Excellent video!
Great video. I just started opening iron condor and I had a tough time understanding screen. This was a great breakdown. If you can do these with more spreads or call/ puts that would be greatly appreciated. Knowledge is power 💪🏾
📌Appreciate your feedback and thanks for watching! Don't forget to hit the like, subscribe button and for more guidance.... Note: whats app👇 .pls share,if you think it helps
✚①⑥①⑦⑥⑤⑦⑧⑥④⑨
Hit me up me now for other profitable platforms and opportunity for you..,.,
Thanks you very valuable video
Best video on iron condors I've watched
Hit me up👆✉️
Thanks for watching!
Thank you Alex! I've been watching you for a few months now and you've been really helpful, but this video tops it! it really helped me understand Iorn Condors better and the examples shown were perfect! I've just been learning these few months but I think next month I will try this for the first time and take action. wish me luck🙏🏽
@@Trader_Bear SCAM!! Be ware people
Best video so far with iron condo
Hit me up👆✉️
Thanks for watching!
Great job 👍
Thanks~~~~~
great video! you should do video sections
This is a great video
Holy crap. Feels like free money. lol Such an awesome video.
Definitely not free money :)
Another banger
Wooo! Thanks!
Love your videos Alex, but can you explain risk of assignment and how to avoid that situation.
Hey Hernan! I've got a video that takes a deep dive into early option assignment risk if you're interested :)
ua-cam.com/video/CX9B-qPJmMM/v-deo.html
Safest option strategy ever. If ur not a millionaire doing this I don't know what to say
Because of the economic crisis and the rate of unemployment, now is the best time to invest and make money💵💯
You can say that again
Stocks are good but crypto is better
It won't bother you if you trade with a professional like JENNIFER FAN
Yeah sure, i heard alot about investments with JENNIFER FAN and how good she is,please how safe are the profit?
My first investment with expert Jennifer fan has earned me profit of over $24,540 us dollar and ever since then she has been delivering.
Another awesome video with great explanations. Could you do some tutorials for different platforms like Interactive Brokers? Thanks and keep crushing it.
📌Appreciate your feedback and thanks for watching! Don't forget to hit the like, subscribe button and for more guidance.... Note: whats app👇 .pls share,if you think it helps
✚①⑥①⑦⑥⑤⑦⑧⑥④⑨
Hit me up me now for other profitable platforms and opportunity for you..
I feel like I should be paying to watch this, thanks for the knowledge🙌
Haha thanks, that means a lot! Glad you got something out of it 🙌🏻
📌Appreciate your feedback and thanks for watching! Don't forget to hit the like, subscribe button and for more guidance.... Note: whats app👇 .pls share,if you think it helps
✚①⑥①⑦⑥⑤⑦⑧⑥④⑨
Hit me up me now for other profitable platforms and opportunity for you..
This is all fine and good but which stocks are the best for this strat
Hi, I came to this channel recently. But really like the way you explain options. Can you make a video of how to do iron condor in we bull app? Thanks
Watched a lot of your magic videos, so surprised that you have switched to finance LOL. I like to use inverse Iron Condors
📌Appreciate your feedback and thanks for watching! Don't forget to hit the like, subscribe button and for more guidance.... Note: whats app👇 .pls share,if you think it helps
✚①⑥①⑦⑥⑤⑦⑧⑥④⑨
Hit me up me now for other profitable platforms and opportunity for you..
So u basically doing put credit spread and call credit spread together
at 5:23 in the video you said "were going to go ahead and select" and a radio button appeared. Since this seems to be necessary to do I cant follow on my app. Where is this select that allowed radio buttons to appear on your phone? When I hit the strike price the next screen shows up not staying on the same screen and the option you selected 5:43 and a green bar with SPY showing at the bottom
I left une question. Why the colateral is grater than the max loss???? Its the only thing I dont get. Thanks for the video.
For the $10. membership, is there q&a? Or is it just view your trades or what ever you post? I am a new trader looking to learn…
I use Etrade but it's the same principle
Hey thanks for the vid, but I don't see the select button on my options screen. Did RH take it away or do I not have access to it?
i am wondering the same thing. Did you ever figure this out?
i dont have the option to select multiple options like in your video. what am i doing wrong?
Do the trades close automatically thats what im not fully following. If i choose to not get out early and everything works out well does the option auto close and the funds are automatically get added to buying power?
Is it better to use a cash account or margin?
Webull approves you to do this with little no money
At 3:16 your example showed buying a call/put 1 strike price higher/lower than your sold call/put
Beginning at 5:47 you then proceeded to buy a call/put 2 strike prices higher/lower than your sold call/put
Any particular reason why you went 2 strike prices higher/lower instead of 1 like the example? Thanks in advance.
Hit me up👆✉️..
Thanks for watching!
I have one question if option is expiring worthless by the expiration date, let's say coverall call option then do I still need to close that option buy "Buy to close" or I can I just leave it expire worthless so I don't need to do anything ? what will happen to my collateral shares if I don't close the option since it is expiring worthless. Please if you can answer this question then it would be really helpful.
If the option does indeed expire worthless, then the contract simply disappears and you get to keep the full premium. There's nothing that you have to do!
Is there a particular reason why you pick 2 strike prices above the call and put limits instead of one strike price? Collateral in that case would be half, essentially doubling your "cash on cash" return.
Good question - you can see for yourself what the percentage of credit received is to the collateral you put up. Typically at around the same strikes, the percentage would be the same(ish) but you'll receive more premium - almost double in many cases. The wider you are with your strikes the more credit you'll receive. This will of course also affect the breakeven price in your favor. There is no right answer though :) Hope that helps!
I do two months out instead of one and I’ve noticed that if I do just +1 spread (instead of +2 as he said)… I can do more contracts with the exact same collateral and it will result in just a bit better return and with less risk (in chances of happening and in potential loss) because it’s a smaller spread.
And by doing two months out, I need less collateral because the risk is smaller too.
hey what do I do if Robinhood won't unlock these features for me, like spreads etc.?
Hit me up👆✉️..
Thanks for watching!
olalalala you're the best.
Hello. If you don't close out the trade early and let it it expire, what happens if it gaps after the market has closed and the after market price breaches one of the short strikes and doesn't breach the long strike and the short side is exercised? Can this happen?
A requirement for condor which has been omitted is an upgrade to level 3 on Robinhood.
At 5:14 when you show the ‘select’ button at top right, the app has changed so it now shows a gear and doesn’t seem to offer the ability to select multiples and set up and Iron Condor. Any suggestions to overcome this problem? Thanks!
Hit me up👆✉️
Thanks for watching!
Thanks alot! Can you Loose more then your max loss???
📌Appreciate your feedback and thanks for watching! Don't forget to hit the like, subscribe button and for more guidance.... Note: whats app👇 .pls share,if you think it helps
✚①⑥①⑦⑥⑤⑦⑧⑥④⑨
Hit me up me now for other profitable platforms and opportunity for you..
It's technically possible in very rare cases where the stock reaches expiration in between either your call strikes or in between your put strikes. I have a video that takes a deep dive into this topic actually if you're interested :)
ua-cam.com/video/BfJ476APKjA/v-deo.html
@Pandrea Finance Why don't you Buy Iron Condors, Isn't there more area under the graph making the probability of success much higher?
Your videos are great, will you ever return with new content? Bummer.
I don’t have the “select” option on the top right when selecting my option. I only have the “settings” icon to change to natural price or midpoint price. Please help
Go under menu-investing. Scroll down to options trading level 2 and select option settings. Select upgrade and pick what’s best for you.
Hit me up👆✉️
Thanks for watching!
I have a couple questions. How should you do iron condors with smaller accounts I’m 16 and have just started about a month I put in 100 and have grown to about 700 now only by buying penny stock calls I haven’t been able to sell anything because I don’t have enough to buy shares to sell and advice?
You don't need any stock positions to sell iron condors. Moreover, if you sell $1-wide iron condors (meaning the difference between the long and short Call strikes is $1, and same with the put strikes), then you will have less than $100 of risk on the trade.
Crypto staking, investmnt and tradin are three different thing entirely. I learnt a lot and also invest with them. Make sure to only deal with established firms for your safety. ⬆️
They are pros at this 💯
Hmm, I just hope this isn't some fake post
@@markcooper2736 no, incase you are wondering, I only decided to promote them with my personal account because they deserve this
oh I see. Thanks for clarifying
I wanna flip NFT, can I learn with them?
First!
Thanks~~~~~
can the money u taking as collateral be used to closed off the trade if it is in the negative???
Hit me up👆✉️
Thanks for watching!
Hey I wanted to take the opportunity to thank you for what you do! But also I had a small question, on my account once I go to trade an option, it doesn't give me the "select" option. I don't want to go ahead and make individual options, since I'm trying to do an iron condor
hmm i believe its a just a setting thing that you need to toggle on. 🤔
@@PandreaMoney thank you so much I had the same question! You're channel is very helpful!
Apparently you need to become a "level 3 trader" by subscribing to Robinhood gold, which is just $5/month.
What level of options do you have enabled in your Robinhood account? I’m unable to place basket orders like this
Same here
Thanks
What if you let the trade expire and the price of SPY fluctuate immensely after hours, and someone exercise the option AT 4:30 pm , what will happen then?
He didn’t mention the optimal IV for placing a trade with Iron Condors!!!
If your trading platform has the IV Rank and IV Percentile indicators, definitely use those. They compare the current IV to the past one year and tell you with a single number how high or low the current IV level is for that stock. The higher the IV Rank or Percentile, the better the opportunity for option selling! :)
Important question so I sold a spy put at $422 and bought a put at $420, than I sold a call at $439 and bought a call at $441 but the stock traded at 421 by the expiration what does that mean loss or profit?
Depends how much credit you collected when you put on the trade. I'm assuming you probably collected somewhere around $60 on the trade? In which case, if the stock expired $1 below your short put strike, you will lose $60 - $100 = -$40 on the position. I also hope you closed this trade before the market closed on expiration. If not, you will get assigned on the short put and have to buy 100 shares of the stock. You'll therefore be vulnerable to an overnight move before you can sell the shares the next day.
Alex, if you see this, why iron condors vs vertical call or put spreads? Doesn’t an iron condor just open you to the risk of the underlying moving in either direction? EX: Your iron condor on SPY has to stay below 465 *AND* above 435. Meanwhile executing only the more profitable vertical call spread means SPY has to stay below 465 but it can drop below 435 no problem.
Yes but iron condors allow you to sell options much further away from the current stock price and collect the same amount of premium as you would with a credit spread. The probability of profit between the iron condor or the credit spread are still going to be the same.
@@scottreesetradinginvesting7936 is your last sentence true though? because what if a stock shoots up, with a bull credit spread you're gonna get max premium. with an iron condor, you're toast. i guess it depends on which strike prices you're choosing for that stock
@@scottreesetradinginvesting7936is risk of assignment less with iron condor?
Hi Alex, Can you explain what is a poor Man's Covered call and how to trade it on robinhood thanks.
📌Appreciate your feedback and thanks for watching! Don't forget to hit the like, subscribe button and for more guidance.... Note: whats app👇 .pls share,if you think it helps
✚①⑥①⑦⑥⑤⑦⑧⑥④⑨
Hit me up me now for other profitable platforms and opportunity for you..
The poor man's covered call (pmcc) aka diagonal calendar spread involves 2 options:
1. You buy a long call expiring in the distant future (preferably >1year out). This will mimic owning 100 shares and act as collateral
2. You sell a covered call with a short expiration against your long call
@@dayawaagoons769 📌Appreciate your feedback and thanks for watching! Don't forget to hit the like, subscribe button and for more guidance.... Note: whats app👇 .pls share,if you think it helps
✚①⑥①⑦⑥⑤⑦⑧⑥④⑨
Hit me up me now for other profitable platforms and opportunity for you..
I don’t seem to have the ability to create a condor, do I have a setting not turned on? I have to always do they separately which I don’t want to do
📌Appreciate your feedback and thanks for watching! Don't forget to hit the like, subscribe button and for more guidance.... Note: whats app👇 .pls share,if you think it helps
✚①⑥①⑦⑥⑤⑦⑧⑥④⑨
Hit me up me now for other profitable platforms and opportunity for you..
You probably need to upgrade your options trading privileges with your broker.
This trade doesn't look like its in your favour though. The odds you stay inside the condor are 0.85x0.85=0.72, roughly, and therefore the odds you end up outside are around 0.28. So the expected return on one contract should be 0.72x44-0.28x156=-12 per contract if you just let it run to expiration.
Hey there - not sure of your calculations there - but you can check out my video on selling options which breaks down the probability. That was one of my favorite videos because many don't look at the actual probability or understand it when it comes to options in particular. ua-cam.com/video/tfNKPia9FGo/v-deo.html
Hope it helps and thanks for the comment!
📌Appreciate your feedback and thanks for watching! Don't forget to hit the like, subscribe button and for more guidance.... Note: whats app👇 .pls share,if you think it helps
✚①⑥①⑦⑥⑤⑦⑧⑥④⑨
Hit me up me now for other profitable platforms and opportunity for you..
Please bring back your Patreon!!
I have a question, is there a chance of getting assigned early at all with iron condors?
Yes this is technically possible, although it's super unlikely unless the short contract is extremely far in the money and you are very close to expiration. Basically, if there is no extrinsic value left in the contract, then you are at risk of early assignment.
Hit me up👆✉️
Thanks for watching!
What would happen after expiration if they were in the money? Would I lose that max loss amount from my collateral that was shown to me when placing the trade?
Learning myself. I believe that the max loss would kick in. Meaning...the full amount of credit received at the beginning of the trade would be pulled back from you...plus the max credit amount, hence the reason for there to be collateral on hold. I may be wrong. Hopefully someone can provide clarity.
If one side of the iron condor expires completely in the money, then you will lose the max loss on the trade.
Hit me up👆✉️..
Thanks for watching!
Is there a reason why my robinhood app not allow me to buy multiple options at one time? Is there a cash limit?
You have to be a level 3 options trader on robinhood to trade multiple strikes at a time
Can you buy multiple one's?
Neverminded you answered it
Thanks~~~~~
@@MeetLou 📌Appreciate your feedback and thanks for watching! Don't forget to hit the like, subscribe button and for more guidance.... Note: whats app👇 .pls share,if you think it helps
✚①⑥①⑦⑥⑤⑦⑧⑥④⑨
Hit me up me now for other profitable platforms and opportunity for you....
Try theta strategies
The best strategy ever
I tried doing this but I received a message that says are you expecting to receive a credit or pay adebit for this option?
You should always receive a credit when selling iron condors. Make sure the options you're selling have strikes closer to the stock price compared to the options you're buying.
Yas! Double thumbs up!
Thanks~~~~~
Can you take total return by sale that amount?cause next day I see they dissapear
Hit me up👆✉️..
Thanks for watching!
When selling a put, wouldn't the fact the stock price goes up putting your put further out of the money decrease its value and allow you to buy it back for profit faster? If the stock price drops and gets closer to the strike price of the put, wouldn't that cause the put to be closer to being in the money and increase its value, therefor reducing the amount of profit it can be sold for?
Yes, your logic is correct. Selling puts is primarily a bullish strategy...you can still profit if the stock trades sideways or down slightly, but you really want the stock price to increase to make the fastest profits.
@@scottreesetradinginvesting7936 thank you!!
@@Bananaman12341 You’re welcome! :)
Do you have to own the stock you do this with?
Nope. No stock position is required to sell iron condors! :)
What happens if the price fluctuates drastically in and out of the boundaries within the given timeframe ... can you wait till the stockprice is back in bounds, or do you lose everything? Can you explain how you would lose everything you put in?
Hit me up👆✉️
Thanks for watching!
for those under the PDT rule does this count as a single trade or 4 separate trades
SCAM!!! Beware
Single trade
It's still a single trade because you are only opening 4 new contracts. For it to be a day trade, you would also have to create an order that closes one or more of these contracts in the same day.
Where did you go?????
what do i do if i don’t have the “select” button that’s in the top right corner
Hit me up👆✉️
Thanks for watching!
Is there a reason why I can’t do the iron condor? On my app I don’t see the select button to proceed with this step.
might have upgrade to lvl 3
📌Appreciate your feedback and thanks for watching! Don't forget to hit the like, subscribe button and for more guidance.... Note: whats app👇 .pls share,if you think it helps
✚①⑥①⑦⑥⑤⑦⑧⑥④⑨
Hit me up me now for other profitable platforms and opportunity for you..
You probably need to upgrade your options trading privileges with your broker.
I'm having a hard time getting an iron condor order filled on Robinhood. The strike prices all have high volumes as well as open interests. So what could possibly be wrong here?
You'll need to adjust your pricing to be lower. Iron condors are always tough to fill because the exchanges have to coordinate 4 different contracts simultaneously between buyers and sellers.
Hit me up👆✉️..
Thanks for watching!
Since an iron condor involves buying a call and a put as well as selling a call and a put, does that mean we need shares as collateral, as well as cash?
nope, just the collateral! you only need shares when selling covered calls on its own
@@PandreaMoney ahh ok thank you! One more thing I just thought of, if the stock price drops down to where it falls in between the strike prices of the put that I sold and the put that I bought, or conversely it rises to where it is in between the the strike prices of the call that I sold and the call that I bought, what would happen in those situations?
Do I need to have level 3 options trading to be able to have the “select” button? Don’t see it in my options menu, only able to make 1 trade at a time with my level 2 status
I have the same problem, i’m assuming that’s what it is
@@natehays8349 can confirm this was the issue. Upgraded to level 3 and can now trade Iron Condors
@@Ryan-nm6br how do you upgrade to level 3?
what percentage of the portfolio goes towards iron condors? Ex: 100K portfolio how much do you use of it as collateral? $25K, $50K, 75K?
I would not go beyond 50%. And that also doesn't mean allocating that much money for a single position. That 50% or less should be spread out over many, many different trades in different sectors and industries.
@@scottreesetradinginvesting7936 What about just vertical calls? Little safer than having any puts on. thinking 75% is reasonable. Been doing this with my broker now and making a good premium.
Do you prefer iron condor more than Iron butterfly?
Hit me up👆✉️
Thanks for watching!
Hey great video totally understand so as long as it trades in the middle and the market value goes to 0 your golden ?
@Pandrea Finance • no scammer
Yes, this is what an iron condor is. As Pandrea Finance described in the video, as long as a stock doesn't go too high or too low (in other words, sideways) then you're making money.
@@orangecrushhex gotcha this is great weekly income could replace my job income with more then I make with this then my regular job lol
I also don't see the "select option" when I am in the trade options page on the top right.
📌Appreciate your feedback and thanks for watching! Don't forget to hit the like, subscribe button and for more guidance.... Note: whats app👇 .pls share,if you think it helps
✚③③③⑦⑤③⑨⑧⑦⑨⑤
Hit me up me now for other profitable platforms and opportunity for you..
You have to be a level 3 options trader on robinhood to trade multiple legs, once you are level 3 the “select” option will appear
You probably need to upgrade your options trading privileges with your broker.
I don’t see the “Select” button. But I do have the “tick” (right next to the premium) on the options I want to add and that’s how I “select” them
@@GuillePozzi 📌Appreciate your feedback and thanks for watching! Don't forget to hit the like, subscribe button and for more guidance.... Note: whats app👇 .pls share,if you think it helps
✚③③③⑦⑤③⑨⑧⑦⑨⑤
Hit me up me now for other profitable platforms and opportunity for you..
What happens when an Iron condor play expires and the stock has remained or traded between the two strike prices I picked?
Will I lose money if I didn't close before the expiration date?
you profit 100% of the premium if the price closes on expiration in between the two strike prices. you don’t need to close it out as you don’t have to buy anything back. 💪🏻
@@PandreaMoney
Thanks man!!
Is your total loss $400 minus the 45 you received what do you do if you start to lose when do you cut it off? At about $100? Or the whole $400 please let me know thanks
📌Appreciate your feedback and thanks for watching! Don't forget to hit the like, subscribe button and for more guidance.... Note: whats app👇 .pls share,if you think it helps
✚①⑥①⑦⑥⑤⑦⑧⑥④⑨
Hit me up me now for other profitable platforms and opportunity for you..
My Problem is that robinhood always executes my iron butterfly 60-90 min before expiration and I never get maximum profits by letting the contracts expire.
Hey! Yea, this is one thing I should have brought up in the video. This is the problem with selling options with. very close expiration date. There is no clear answer on whether the option will expire in or out of the money until the very last minute in a lot of cases. You won't have this problem when selling monthly options because by that point most of the option will have lost its value so there is no risk. Also, you have the ability to close out your position after 1-2-3 weeks rather than having to wait until expiration like you would with weekly options. Hope that helps!
Beware on Robinhood: I had SPY Call Credit Spread positions automatically closed this afternoon for a loss... they all would have expired worthless... these types of trades require a more grown up broker... any suggestions? :)
Very simple...switch to TD Ameritrade or TastyWorks. Both have excellent, fully grown-up trading platforms, and they won't force you out of trades unless you fail to respond to a margin call (which all brokers do).
I try too do this and they won't fill it I tried today on apple Amazon they wouldn't fill the the damn contracts
You need to change your price then...just because you want to make a trade does not mean your order will get filled. And it's especially difficult with iron condors, because the exchanges have to coordinate pricing on 4 contracts simultaneously.
Hit me up👆✉️..
Thanks for watching!