Sell symmetric out-of-the-money put and call spreads when bias is neutral. Profits from range-bound price action and time decay.
Standard Iron Condor
Iron Condor
Bias: neutral
Timeframe: all_day
defined-risk
Rules
- Entry
- Neutral bias + IV percentile above 50 + expected range tight
- Short Delta
- 0.10-0.20 per side
- Wing Width
- symmetric, 2-5 strikes
- Max Risk Pct
- 1.5
- Profit Target Pct
- 50
- Stop Pct
- 150
Trades well on these 0DTE-eligible tickers