The perfect explanation of an iron condor. Loved, loved how you added fear and emotion to the mix of options trading. So many people have that. I have learned from watching your videos, other videos, time after time, and explaining how you can’t let emotions dictate your moves in options trading. Being patient and letting them ride. Thanks Henry.Excellent As usual.

This is by far one of Henry’s best videos in my opinion, especially the first half. The only thing I differ on is leaving spreads open through expiration. If I can help it I always close spreads prior to expiration. No matter what. Excellent video, Henry!

For some, short-term investing in floating rates is simply a default position as they find that st markets.ocks are highly valued everywhere, meaning that perfection is often at a premium, which increases the risk for some thoughtful investors. It's not necessarily a matter of timing. For others, it's a way to build a neutral portfolio in a situation fraught with uncertainty.

Awesome video. Thank you for sharing your knowledge with us!

Henry, I have watched so many of your videos, thank you for the help. I set up an iron condor for AA, meant to do AAL as per your videos, my bad, and I got put 100 shares of stock, really threw me for a loop. Obviously a bad iron condor from the start. Thanks for all you do. I will keep learning from you.

Love your videos man, I was wondering if you could make a video more in depth on what technical analysis indicators and methods you use. Thanks

I began investing at the age of 33, primarily utilizing my hard work and dedication. Now at the age of 38, I am delighted to share that my passive income exceeded $100k for the first time in a single month. This advice is truly valuable, so don't hesitate to take action. Remember, it's not about achieving wealth quickly, but rather about building wealth consistently and persistently.

Great video. But isn't it recommended to manage a 30 DTE short Iron Condor after 7 days rather than letting it expire worthless? If you're up 50% after 7 days you could close the option thereby limiting your exposure to Vega?

Do you need to own the shares/cash to cover the put, or have level 3 trading to execute this strategy?

Many thanks for the great content! Could you please make a video on what may go wrong with this method? If it expires outside our range, are we obliged to buy or sell stocks based on our call and put buy/sell options? What happens if the price of the stock ends between our sell put and buy put, outside the break-even mark?

Very good video, the set and forget mentality is spot on.

Are there other criteria for selecting an underlying besides IV and BB? Isn't there a risk in assignment if you wait until the expiry date?

Hi, Henry it would be very useful a video to explain what to do when your short leg is ITM . What you will do? Close the position, roll, go inverted?

Hello, I have been watching your videos, which are great so Thank You. Which platform are you trading options on???

Hi Henry - do you have a option spreadsheet to keep track of profits/loss etc?

this was really well put together video. thanks henry

Henry, love your videos, learning so much while getting started on my options journey. I'm having issues with strategies like this because I opened a Robinhood account years ago and never used it, so when I started trading I didn't have tier 3 options access. Now they won't grant me access. If we can't use your link for a new Robinhood account to get tier 3 access, are there any tips for getting access? I would really like to be able to implement iron condor and credit spreads into my portfolio. Thank you

So what is the minimum amount of money in a account needed to be consired a small account?

Absolutely stunning love using it. Thank you Still waiting on margin part 2 bro make us rich 😂 rent is due

Henry love your content - before I take the leap and sign up - is doing a video on what times your group meets - best times of day to set trades, best times to look for ideas etc etc etc a possibility? I work waaaay too much and need to know when I should be planning work around the trading schedule that’s must condusive for being profitable - thanks

Hey Henry. Love your videos. Couple quick questions for you. 1. When you are looking at the bollinger bands in Yahoo Finance, you match the time period to the days to expiration, correct? If you are looking a 7DTE option, you would select 5D time frame in Yahoo and if you were looking at a 30DTE option, you would select the 1M time period in Yahoo, right? 2. When you were showing the example of the AMZN Iron Condor and calculating the return, you initially said it would be a 22.6% return ($113 earned premium/$500 cash outlay) but then later you said it would be close to a 30% return ($113/$387). But wouldn't the return be the first scenario because you need to secure $500 to get the $113? Just making sure I'm calculating the return correctly? Thanks again for all your 🔥 videos.

Lrcx is also great for credit spreads!

I would not look at where the price is in relation to the bollinger band, but the overall width of the band. If you sell an iron condor during a volatility squeeze (and the price is 'in the middle of the band'), look out.

When selling multi legs, do we put limits at midmarket? Noticed even in very liquid options, midmarket pricing sometimes still dont filll. Thank you.

How do you feel about robinhood auto closing trades at day of expiration? This week it cost me $500 to close trades that were close to the money, and 1 trade that was 3 cents in the money but still over $1.50 away from break even. Any suggestions on how to turn this off or a platform that doesn't eat at my profits?

‏‪0:38‬‏ ممتاز البولنقر باند عشان تعرف النطاق الي يوصله سواء اعلى او اسفل

What happens when we are in a profit and end the contract before the expiration date?

I watched most of your videos

Dropbox would be good for iron Condors I think as well

can you do a video on rolling iron condors when things go ITM?

Hows your palantir position?

Maybe someone can help me understand. How do you know how to pick which options are chosen above the strike price or below it? I’m new to options trading.

‏‪6:22‬‏ معلومه مهمه ان البيع لازم يكون الدلتا قليله

This is a very good setup for an iron condor. Just be careful never to put this trade on when earnings are being reported.

Hey, so on the surface it seems like it’s a good strategy, but I went back and did analysis for the last year doing this strategy on a monthly basis and it seemed like over time, you technically “won” more trades, but the problem is the very few losers you would have had would have been massive dollar amounts so you end up losing money. In other words, picking up pennies in front of a freight train. You will nab some pennies but sooner or later that freight train is going to get closer and closer until it hits you and wipes out all your small gains.

what about iron butterfly?

How is this different than a calendar spread or double calendar spread?

Margin put rolling video preferred.

What’s your website ?

I do this with spy but add $SH and $SPY longs

I don't quite understand. I'm getting the terminology wrong I guess. Precent return doesn't really apply to an iron condor because you are not actually spending in any money up front. After all is said and done your broker is giving You money to run an iron condor. You risk some money if things turn sour but you have capped the amount you can lose, but you don't actually have to spend any money to set up an iron condor, (unless you count the trading fees). I guess it is smart to have that at risk money set aside in the account (probably required isn't it) but unless the price goes beyond your risk limits no cash comes out of your pockets ( or trading account balance in this case). In an account like webull who pays 5% return on the cash in your account, an iron condor is a way for you to get even more money from the broker for having your cash in their bank. So if I understand it right you can increase that 5% per year by how many times you cansuccessfully run an iron condor in your account. Am I right?

Love to see AMZN @ 3600 again!

Why on Robinhood does it say $1.13 credit but Max Profit $1.50?

13:16 lol we don’t have access to you in the discord. I’ve been trying to get u to answer a question of mine for a while. No response.

Why is max profit $150 but total credit only $1.13? Shouldnt these 2 be the same, given that max profit will be the credit taken if NFLX stays within these bands? Reference - 5:25

with my luck black swan is everyday

Got book cam got discord 50 a month how do I join

Why can’t I get I zoom link or get in touch with anyone?

So ab RR of 1:0.5, i’m not impressed. What am I missing?

Am I missing something here? This video is 5 months old....AMZN share price is $3,696??

I found it hard at times to exit iron condors that’s why I don’t like them. I like covered calls against leaps the best income producing trade.

this guy can easily trick inexperienced people

How do I get in touch with you?

While a good strategy, I think it increases overall risk and takes more effort to manage

Why is Amazon $3600 here?

If the trade goes against you, what do you do?

How could you possibly turn grow an account that high with just iron condors? That doesn’t make sense…0 dte yeah for sure not monthly dte

I try to sell call and it said I don’t have enough collateral, account $1000. What should I do?

YOU FORGOT TO CONSIDER MARGIN REQUIRED WHILE CALCULATING RETURNS ON INVESTMENT ..

You should use butterflies

Two things. 1. How much money does one have to have in their account to be able to make these kinds of trades? You are showing $24k buying power in the video. I'd like to know the exact amount. 2. Beringer bands. I am missing any kind of "thinking" on the bands and the target strike prices. Like, is a wide band what to look for? Or a tight band? Or, is that not really important? For instance, should only the fact the price is somewhere in the middle, is what is important at all?

This must be an old video.

Risk $300 dollars to make $150 per month? Can you explain that? is $150..or $1500? remember here is New people trying to learn the Trading Language. Thanks

WTF, 2milj on a Robinhood? Are you crazy?

I know it's a safe play, but those longs really eat into the profit don't they? What's your take on the short strangle?

Sorry, I missed the "New super" IC strategy part? Seems like a regular IC to me lol! Please stop sensationalising videos like you also recently did with the Covered call strategy "that nobody is talking about" (which was the same as every other video on CC!) Lastly please for the love of all that is holy, stop telling your audience that you worked at Goldman. Its repetitive and is starting to make me wonder how long you were really there! Sorry Henry, I like you and you're videos but feeling this less and less.

😂😂 these videos always try to oversimplify things and never tell you how to defend your position. “You can only lose $300” but when you got 10 or more that start going against you how do you manage it. You definitely don’t need the b bands it’s useless. Just look at the delta in the options chain. Usually delta 20 on each side gives you decent results. Implied volatility isn’t that important only around earnings. The reason is you selling one and buying one. I still don’t know how this is anything but a basic text book iron condor. I hope people don’t pay any money for this type of information and did this guy actually work for gs? I would have to see it to believe it.

Why are you recycling videos Henry? Amazon hasn't been 3K+ for a long time!!

Bollinger is pronounce with a J not a G so it’s Bollinjer

Netflix could easily go way below 400. Clown trade.

Another charlatan making more money doing videos than by investing. Almost comically, the example he uses would a perennial loser. With deltas of .21 and .12 on the short legs, there would be a 33% chance of expiring ITM and a 67% chance of expiring OTM. So in two out of three months he would make $300 total ($150 twice) and in one month of the three he'd lose $350, for a consistent loss. (Ignoring ending partly ITM or closing early, which aren't preferred outcomes and would reduce your profit)

Henry, This is terrible advice. I hope none of your students follow it. Rarely is it advantageous to open an IC at the center of the BB. You are better served legging into each side of the IC to maximize the credit received. Furthermore PLEASE learn the difference between the "call side" and "put side" of an IC before making a video.

Can’t take anyone who uses Robinhood seriously. Doesn’t help that your editor is also using another company’s image in your iron condor example.

This guy took 30 mins just to explain how to enter iron condor. Get to the point man.. didn’t even get into adjustments 😢

Completely useless video. No adjustments? Also how you calculate returns is flawed

But it can look like downturn can be really big. And it’s very scare. How you prepared for massive possible downturn,,,

Are you afraid massive market crash which is widely discussed all over internet?