The Reverse Iron Condor Soars!: Are Iron Condors Killing Your Trading Account?

“…it seems like every iron condor I put on these days loses money!” I was complaining to my trading mentor about 10 years ago as I was experiencing the worst drawdown of my fledgling trading career. Weren’t iron condors supposed to be guaranteed money? But it got to the point where almost every time I put on an iron condor, the underlying immediately raced to one of my short strikes. At first I just sat there and did nothing but panic. I hoped the stock or index would move back toward the center of my position. More times than not though, the underlying would move past one of my short options and I ended up losing most or all of my margin. After a couple big losses, I learned to pull the plug on losing trades a little sooner. But I was still losing way too much money. Iron condors were killing me! My mentor waited until I had finished venting and then asked me, “If iron condors are killing you then why don’t you start taking the opposite position? If you are losing, then the person on the opposite side is winning…right?” Wow! It was a simple question. Yet it marked one of the most significant moments in my trading career. With the help of my mentor I was about to discover the REVERSE IRON CONDOR. The REVERSE iron condor is what it sounds like. It is simply the opposite position from the standard iron condor. The reverse iron condor strategy is a combination of a bull call spread and a bear put spread. You enter this position 30 – 40 days out from expiration. (You can also use this strategy with weekly options.) You pay a small debit when you enter. You make money if the underlying stock price is above your long call or below your long put at expiration. Outside this price range you make money. Once I started using this little known strategy, my trading account started to grow quickly. It is a consistent winner! For the last ten years, the reverse iron condor has been a solid money maker for me. And I promise it will make money for you too. But you just can’t put on this strategy willy nilly and expect to make money. You have to know the secret to spotting the best reverse iron condor candidates and know when to take action. But don’t worry because I am willing to share all my secrets with you! I have become an expert in this strategy. I know how to pick winners, when to get in, and how to maximize the profits from this strategy. I have developed an easy-to-use approach that helps me spot the highest probability trades. And I have created a simple set of rules that tell me when to pull the trigger and when to collect my profit. You can learn my reverse iron condor system by reading my new ebook called “The Reverse Iron Condor Soars!” In it I teach you exactly how to find the best candidates for the reverse iron condor, when to place trades, and how to collect your profits. This system can make you a small fortune and it will quickly become one of your go-to strategies! Not only does my system work like a charm, it is not hard to learn. Since you already have experience trading option spreads, you will be ready to find your first trade right after reading this exciting ebook! I will show you exactly how to use my powerful system to find the best trades. And I will tell you how much to invest and how much to risk. The best thing about this this system is you can trade regular options or the new weekly options. Imagine being in and out of a trade in 7 days or less! Take a look at what other traders have said about “The Reverse Iron Condor Soars!”... “I’ve been using Jim’s reverse iron condor strategy to trade weekly options for the past three months. No more credit card debt for me! Thanks Jim!” J.K.; Clayton, GA “I’m finally on the winning side for a change! It’s awesome!” B.C.; Houston, TX If you don’t start trading a new way, you are going to have the same old results.