The Unbalanced Condor: The Unsung Option Strategy
An Unbalanced Condor; this is a trade strategy that is not well known. I'm sure it's been around for a while, but for some reason it hasn't caught on as popular. I've been studying options for numerous years now and took many popular courses that can be found on the internet. I spent nearly $50,000 on my options education, but I find it intriguing and a little misleading that most option courses don't teach this strategy.
Hopefully, since you are reading my article, it will inspire you and others to begin their own investigations into this technique. I personally think the Unbalanced Condor should be the most used strategy for retail investors. I hope word spreads about the wonderful qualities of this option spread.
Doesn't it sound ideal to trade options is a circumstance where it's nearly impossible loose money in one direction, and have a nearly one hundred percent guarantee of making money in another? What if I was to say you can also make money on the trade, even if the market doesn't move? At first glance, this looks like the perfect strategy, almost as if there was no way to lose.
Sadly, it is completely possible to lose on this trade. In fact, if you don't know what you're doing, you can lose a lot, especially if you're trying to make a lot of money fast, and are too aggressive with it. Being a patient trader is the secret to the Unbalanced Condor. Once you've mastered the patience and the simple adjustments that go along with the spread, it becomes really hard for you to lose on this trade. Your worst-case scenario would probably result in a one to two percent loss.
At San Jose Options Mentoring, you'll find experts on this strategy; it's one of their specialties. At this current moment, I don't know of any other courses out there that teach this strategy at all. They've been developing and redefining this strategy over the years and have developed ways to lock in profits on this strategy as they come. They have developed ways to manage this trade over different types of markets, ways to neutralize the Vega position on this trade while maximizing Theta. They call this trade the "Revolver" for its qualities to combat the stock market.
To learn all the nuances on this rarely talked about and relatively ignored strategy can really help you find that success with options that you have always been looking for. It will take a lot of practice and mentoring just like any valuable skill, but it's worth it. If you have been looking for a way to manage your risk with options, then look no further; the Unbalanced Condor just might be what you have always been looking for but were afraid to find.
Article Source: FxTradingStock.com
About the Author
Don't be ordinarily Option Trading! Learn safer, innovative strategies like the Unbalanced Condor at San Jose Options!
by: Donald Scott
Total views: 75
Word Count: 476
Date: Fri, 2 Jul 2010
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