Versatility of Iron Condor Spreads
<< IRON CONDORS- Whats an Iron condor ? Vertical Spread >>
Here is a study of a variation on the Iron Condor spread trade – a skewed, or unbalanced put condor spread.
This trade which was constructed using put options on GS early this year shows how these spread trades can be tweaked and manipulated in a variety of ways to capture profits.
The condor trade has a similar risk graph to the iron condor, however these trades are made up of all put options or all call options.
