Introducing the Iron Condor

by Joanna White | Jan 27, 2019 | Options trading

Iron Condors are a popular options trading strategy used by both professional and retail traders.  Today we will cover the basic components of Iron Condors and how they work.  There are many variations of Iron Condor strategies; we will discuss the...

Jeep Trade Alerts Initial Trial

by Tom Nunamaker | Jul 16, 2017 | Options trading, Trading

Dan Harvey, the Iron Condor supertrader, created the popular Weirdor trade several years ago. Jim Riggio, Paul Demers and others modified Dan's Weirdor with different trade management rules. This variation was named the Jeep trade to distinguish it from Dan's Weirdor....

How Time Decay in Options Works

by Joanna White | Jul 15, 2017 | Options trading, Trading

Time decay in options, also called “Theta”, is the measurement of how much the value of an option will lose or gain each day as it gets closer to expiration. Time decay is not linear – the theoretical rate of decay accelerates as the option gets...

The Reverse Harvey

by Tom Nunamaker | Nov 14, 2015 | Options trading

Dan Harvey is a well known options trader who specialized in Iron Condor trading for many years. Dan had an article published about him in SFO magazine in 2008. Over time, Dan noticed several problems with Iron Condors so he modified them to address their...

Is Your Trade As Safe As You Think It Is?

by Tom Nunamaker | Jul 6, 2015 | Options trading, Trading

One measure of risk that is common for option traders is to use standard deviations of movement. I built a popular Standard deviation calculator to calculate the range of movement for a given set of numbers. It was accessed nearly 500 times in the past week! An option...