In today’s unpredictable, choppy markets, finding a strategy that thrives on indecision can be a game-changer. Enter the Iron Condor—a non-directional options strategy built to cash in on time decay when the market refuses to pick a side. With the potential for steady profits and limited risk, it’s no wonder traders are buzzing about it. But is it the right play for you? Could "Captain Condor" be the next big name like Roaring Kitty? Let’s dive in and explore why this strategy might just be your ticket to success! 🎯 What’s an Iron Condor, Anyway? The Iron Condor is all about playing the range. You set it up by selling an out-of-the-money call spread and an out-of-the-money put spread on the same asset, with the same expiration date. Your goal? Keep the underlying stock or index wiggling wi

In a market that can’t seem to make up its mind—bouncing up one day and down the next—many traders look beyond traditional buy-and-hold strategies for ways to profit from stability rather than direction. One such strategy is the Iron Condor, a popular options setup designed specifically for sideways or low-volatility markets. What’s an Iron Condor? Think of it as a strategy built on the idea that nothing much will happen—and you’ll get paid if that holds true. An Iron Condor involves selling both a call spread and a put spread on the same underlying asset with the same expiration date. This creates a range in which you expect the price to remain. Your maximum profit is realized if the asset price stays between the inner strike prices of the spreads until expiration, while your maximum loss

hi all, I am relatively new in trading options in tiger brokers and have a few questions regarding covered call and selling put options: 1) For Covered call, in the scenario upon expiry, the stock prices goes above my strike price for the call option I sold, do I get to choose on stock assignment to the buyer of my call option contract, or do I have to buy-to-close the call option contract and incur the losses? I am asking this because I have intentions to collect premiums on my stocks and hence looking to sell call options on them. 2) Secondly, regarding selling put options, assuming the stock trades below my strike price, do tiger broker provide me with the option to purchase the stocks at strike price or do I have to buy-to-close the put options upon expiry?Thanks in advance for the cla

🌟🌟🌟Captain Condor aka David Chau  has a huge legion of over 1,000 members who follows his "Iron Condor" strategy. Under his leadership, his online community aka the Condor Legion - places options orders in unison with his trades. When the total volume exceeds over 10,000 contracts, they are large enough to draw significant attention and potentially influence price movements. In many ways Captain Condor can be likened to Roaring Kitty aka Keith Gill.  It underscores the power of social media. When large volumes of certain options are traded, it can influence the implied volatility of those options and force the big institutions to adjust their hedging strategies. For some advanced traders, the Iron Condor options strategy can be an effective tool for recurring income, especially

$SPDR S&P 500 ETF Trust(SPY)$ SPY’s been ping-ponging for weeks. No breakout, no breakdown—just chop city. You know what thrives in that?IRON. CONDORS.Here’s my lazy trader strategy lately:☑️ Sell OTM calls & puts☑️ Collect premium☑️ Do literally nothing☑️ Let theta decay like fine cheeseWhy it works right now:No clear trend = condor heavenIV is decent = juicy premiumsRange-bound indices = high win rate setupsAnd the best part?You don’t need to predict direction. Just bet on “meh.”Yes, it’s not flashy. But I’ll take small, consistent wins over getting slapped by CPI surprise candles. Risk is defined. Payout is smooth. What’s not to like?Anyone else farming premium in this market?

I get the appeal: make money from time passing. Very zen.But in 2024/2025 markets? That’s like sunbathing during a thunderstorm.Let me explain:⚠️ One headline = market gap = condor BBQ⚠️ You make $200 over 3 weeks, lose $600 in one spike⚠️ Chop ain’t always stable—sometimes it’s just the calm before a rugpullAlso, have you tried managing a condor on FOMC week?It’s like defusing a bomb with one hand tied.I get it, theta is tempting. But for now, I’d rather be the guy holding cash than the guy chasing 80% probability setups and waking up to CPI-induced gaps.Maybe I’m paranoid. Maybe I’m still salty from that April fakeout. Either way… not flapping my wings just yet.

🌟🌟🌟When the markets are choppy, a Bull Put Spread Options Strategy allows me to capitalise on the idea that the underlying stock will not drop significantly below the higher strike price. This Options Strategy can help me to generate income as the upfront premium can be attractive in volatile conditions. There is also limited downside even if the stock experiences  sharp short term movements as my losses are capped. @Tiger_comments @TigerStars @CaptainTiger @TigerClub @Tiger_SG

 @rL @SPACE ROCKET @TigerGPT @GoodLife99 @HelenJanet @Universe宇宙 @Shyon @Aqa @LMSunshine @koolgal How to understand Captain Condor’s strategy? The Iron Condor is a non-directional options strategy, typically used in sideways markets wi

@rL @SPACE ROCKET @TigerGPT @GoodLife99 @HelenJanet @Universe宇宙 @Shyon @Aqa @LMSunshine @koolgal How to understand Captain Condor’s strategy? The Iron Condor is a non-directional options strategy, typically used in sideways markets with lo

🌟🌟🌟The Iron Condor is an advanced trading strategy designed to profit from low volatility in the underlying asset.It is a neutral strategy where I expect the asset's price to stay within a predetermined range through to expiration. I would use the Iron Condor options strategy if there is a high probability of a modest gain.  I am betting that the asset will not move dramatically in either direction. However unexpected sharp moves in the underlying asset (whether up or down) can lead to losses.  The good thing is that these losses are capped by the option structure. @OptionsTutor @Tiger_comments @TigerStars

Smart strategy The Iron Condor. It is a non-directional options strategy used in sideways markets with low volatility to earn from time decay. Cudos to “Captain Condor” — 31-year-old day trader David Chau — a real big whale with his Condor Army of more than 1000 members. With such aggressiveness, he may be the next Roaring Kitty. His trading style is the highly aggressive Martingale strategy. It is extremely difficult to emulate his strategy without a big loyal team of traders. Options trading carries significant risk. One must do due diligence before each trade. Thanks @OptionsTutor @icycrystal @1PC

Captain condor can be the next roaring kitty with much massive trades. Collectively, the retail investors can rival the big whales. I would say this strategy is a smart one that covers the bases well. I will definitely look into adopting this strategy but not doubling on contract size as this is pure gambling. I would prefer to invest safely with knowledge and skills. @rL @Success88 @DiAngel @Universe宇宙 @HelenJanet @SPOT_ON

Replying to @Humbly:High volatility generates more option premiums. Key is whether you can stomach the volatility, while managing your risk//@Humbly:In a highly volatile market trading sideways, condors look like an ideal strategy as long as one can identify the key support and resistance levels correctly

no I only do 1 sided spread... bull put or bear call.  his method is called double up... like playing blackjack if lose, just keep doubling your bet till you win... only problem is run out of capital... I follow my own strategy which is protect capital first before taking risks

In a highly volatile market trading sideways, condors look like an ideal strategy as long as one can identify the key support and resistance levels correctly

nice strategy.. will consider when I observe the chance in future but not now. Already quite tied

Not suited to try Iron Condor which is a non-directional options strategy to earn from time delay. It is too advanced and agressive.