Trade idea
Trade idea Very wide iron condors with sells at the expected move
Managing early in the day increases the probability of profit in zero-day SPX options trading
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StrategyVery wide iron condors with sells at the expected move
Time horizonDaily
Entry / triggerManage early in the day, within a half hour of the opening
Target / exitHigh probability of profit between 80 and 90%
Invalidation / stopIf not managed early, probability drops to 50/50
SpeakerTom
Risks
- Market moves against the trade
- Failure to manage the trade early
high confidenceVerify in video at 59:35 ↗