Widening Wings vs Extra Contracts

Widening Wings vs Extra Contracts

Update: 2025-08-26
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In this episode of Options Jive, the discussion focuses on the effectiveness of trading strategies involving iron condors in the SPY (SPDR S&P 500 ETF Trust). The presenters evaluate whether traders should increase contract volume or widen the wings to manage risk and enhance profitability. Based on a 12-year study, the findings suggest that wider wings generally lead to improved win rates and lower tail risks compared to simply increasing the number of contracts. Ultimately, the conversation emphasizes the importance of aligning trading strategies with individual risk tolerance and market conditions.
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Widening Wings vs Extra Contracts

Widening Wings vs Extra Contracts

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