Kal's Option Trade of the Week - SPY Iron Condor
Update: 2023-11-02
Description
Hi Traders,
The market has been tanking pretty hardcore over the last few months, and especially in the last week. Because of that, volatility around all the Index ETFs is running high.
When market volatility is running high, I prefer to stay away from individual stocks and stay in the ETFs, which are generally much less volatile (price-wise) over just individual stocks. Why? Because the SPY ETF is 500 stocks rolled into one ETF. Obviously, 500 stocks as a whole are usually going to move a lot less than any individual stock might move.
So, we'll go the the index with the highest volatility right now, which is SPY, and throw on an Iron Condor.
Happy trading! Kal :)
➤ This is a trade from my Option Alert System (see link below). My Alert system sends out 2-3 trades per week in real time, and also sends out alerts on when to manage these trades for the best possible profit and success rate.
If you are really interested in learning to trade, this is the best way and, at only $1 for the 1st month, a cheap way to test it out. You can use the link below to join.
https://learn.sharpertrades.com/p/option-alert-trading-signal?coupon_code=BASIC1YTB
➤ If you really want to learn to trade, check out our Iron Condor option trading course
https://www.udemy.com/course/option-trading-for-rookies-advanced-option-strategies-iron-condor/?referralCode=05F82F8D48036DFB3A92
➤ Sign up to our blog to receive trade ideas and market updates.
learn.sharpertrades.com/blog
#OptionTrading #TradingOptions #Trading
Trading Risk Disclaimer
All the information shared in this video is provided for educational purposes only. Any trades placed upon reliance of SharperTrades.com are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, commodities, options and forex, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. This is not an offer to buy or sell stocks, forex, futures, options, commodity interests or any other trading security.
The market has been tanking pretty hardcore over the last few months, and especially in the last week. Because of that, volatility around all the Index ETFs is running high.
When market volatility is running high, I prefer to stay away from individual stocks and stay in the ETFs, which are generally much less volatile (price-wise) over just individual stocks. Why? Because the SPY ETF is 500 stocks rolled into one ETF. Obviously, 500 stocks as a whole are usually going to move a lot less than any individual stock might move.
So, we'll go the the index with the highest volatility right now, which is SPY, and throw on an Iron Condor.
Happy trading! Kal :)
➤ This is a trade from my Option Alert System (see link below). My Alert system sends out 2-3 trades per week in real time, and also sends out alerts on when to manage these trades for the best possible profit and success rate.
If you are really interested in learning to trade, this is the best way and, at only $1 for the 1st month, a cheap way to test it out. You can use the link below to join.
https://learn.sharpertrades.com/p/option-alert-trading-signal?coupon_code=BASIC1YTB
➤ If you really want to learn to trade, check out our Iron Condor option trading course
https://www.udemy.com/course/option-trading-for-rookies-advanced-option-strategies-iron-condor/?referralCode=05F82F8D48036DFB3A92
➤ Sign up to our blog to receive trade ideas and market updates.
learn.sharpertrades.com/blog
#OptionTrading #TradingOptions #Trading
Trading Risk Disclaimer
All the information shared in this video is provided for educational purposes only. Any trades placed upon reliance of SharperTrades.com are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, commodities, options and forex, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. This is not an offer to buy or sell stocks, forex, futures, options, commodity interests or any other trading security.
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