Iron Condor Options for Beginners: A Smart, Safe Method to Generate an Extra 25% Per Year with Just 2 Trades Per Month

by Freeman Publications

This simple, repeatable iron condor options strategy could make you $1,000s extra every month from home, with your laptop or smartphone. And you want a low-risk way to “repair” some of the financial damage caused by the coronavirus crash… There's a unique situation in the market you can take advantage of today. Smart traders have been using this strategy for years to make thousands of dollars per week — with much less risk than buying stocks… and no matter what the market is doing… Legendary investor Warren Buffett — one of the most conservative investors in the world — uses this strategy too. That’s one reason why conservative financial journal  Barron’s  calls “One of the greatest strategies in existence…” Now, we know what you might be “Options are risky, right?” The simple answer is no. You see, options are one of the most misunderstood investments in the world. Most folks buy options for risky speculations. You can lose your shirt that way, and fast… especially if you don’t know what you’re doing. But the way we do it, you sell options. And when you do that, you can make great gains without needing to guess which direction a stock is going. Gains like… SPY - $360 from a single trade Disney - $440 from a single trade Netflix - $1,220 from a single trade Here is just a fraction of what you’ll discover inside this
…plus $135 worth of free bonus material inside! You don’t need to have any experience to profit. Nor do you need to monitor the markets 24/7. This is the perfect strategy to use in your spare time. Because you can make extra income with just 1-2 trades per month. And contrary to what many folks believe, becoming a “master" doesn't have to take years and thousands of hours of study. If you have a small account, this is one of the few ways you can turn it into a BIG account, with large, consistent income streams. Once you master the fundamental secrets of the options market, someday soon you could treat your family to a vacation… upgrade the house… or buy that sports car you’ve had your eye on. Even if you’ve never traded options before, everything inside is written in plain English, with clear definitions for everything. With real examples for all the concepts inside. So to get a head start on making consistent profits in the options market today, scroll up and click “add to cart”

Genres: Finance, Economics

144 pages, Paperback

Published September 4, 2020

Reviews

[John Armstrong · Rating 5 out of 5]

A clearly complex topic and method, and I had no prior knowledge to the Iron Condor Options trading method prior to reading this book. It was dense and will require review of topics before implementing the strategy. I obviously can't speak to the efficacy of the method since I haven't tried it, but the author provided an informative and straight forward book to educate the reader.

[Joe · Rating 4 out of 5]

A straightforward introduction to a well known strategy that can work well if you implement it on the right stocks and indices that remain within the required band.

I also like the Wheel strategy and instead of just selling a put, use an Iron Condor with an “extra put” to gain entry into a stock I like. This increases premium reducing the effective entry price of the stock.

[Andrew Schrader · Rating 4 out of 5]

Good book but makes several errors in terminology, so if you are a beginner it could be confusing. In one example they use, they say put when they mean call. In another, they call a trade ITM when they mean OTM. You have to be precise with a book like this, and they need to clean it up. Four stars for explaining the basics of the trade and clarifying some misconceptions.

[Warren Cartwright · Rating 5 out of 5]

Safe and Sane

On first reading, this book has given me a 'realistic' approach to 'speculation' that, I think will add considerable stability to my trading. We will see if this lasts through subsequent readings as I attempt to implement this approach in my work.

[Saeed Mohammadi · Rating 1 out of 5]

Errors

In the first example of the book describing iron condos there are a lot of mistakes and errors
Starting with calling a $105 put for a stock that is trading at $107 ITM while it is OTM .. the errors continue unfortunately. I stopped reading at that point

[Alok Singh · Rating 4 out of 5]

Basic understanding of Iron Condor

This is good book for beginners who want to learn and practice iron condor. This book will give you idea to adjust iron condor in different scenarios

[Tandava Graham · Rating 4 out of 5]

A decent book as far as the iron condor topic goes. What I was surprisingly impressed with, though, was how well it addresses the personal and psychological aspects of trading. There’s even a section in there on meditation!

[Juan Carlos Vallejo · Rating 5 out of 5]

Great book.

The is one of the best books I ever read about options. Congratulations to the author on a job well done.

[Elliot Cash · Rating 5 out of 5]

Solid Read

Definitely had some great perspectives, insights, and useful information to follow and apply. Good for beginners or intermediate traders a like.

[David · Rating 4 out of 5]

Cool ideas, content could have been condensed into the size of a few blog posts though.

[Weston · Rating 3 out of 5]

Book on mental habits

This book has great content on the mental game. I expected more examples. Additional details of trade adjustments in different scenarios would have been helpful.

[Darryl · Rating 4 out of 5]

Some extra fluff, but overall good info.

[Derek Ludwig · Rating 3 out of 5]

1. SPX vs SPY
2. close out the short positions, or move them to a higher/lower strike - to do this need to have your wings a larger spread so you have room to move the short position

[Rick Malzyner · Rating 5 out of 5]

Another banger from Freeman Publications. Concise and short.