Iron condor trading has a lot to recommend it because the strategy is easy to understand and the trade can be set up with a high probability of making money. Those are very enticing qualities for traders, especially rookie traders.
In Trading CTM (Close to the Money) Options, Wolfinger explains why better results are achieved by trading closer-to-the-money (CTM) iron condors. Discover why it’s actually advantageous to trade with a reduced probability of winning. The combination of larger profits (and smaller losses), coupled with the ease of making risk-reducing adjustments (if needed) make CTM iron condors the winning choice.
Read the clear arguments why CTM iron condors come with a built-in trading advantage.
Important reminder: No strategy is suitable under all market conditions.