The Iron Condor is a limited risk, non-directional option trading strategy designed to have a significant probability of earning a small limited profit when the underlying security is perceived to have low volatility. The iron condor strategy can also be visualized as a combination of a bull put spread and a bear call spread. This strategy lets you retain the premium as long as the stock price stays within a range. Besides, this is also a great way to trade volatility. Whenever you think the volatility has shot up and therefore the option premiums, then you’d want to be an options seller and pocket the high premiums. 

This video explains:

• What an Iron Condor Strategy is
• How Iron Condor works and when to use it?
• How to implement the Iron Condor Strategy using MarketXLS?

Template: https://marketxls.com/template/iron-condor-option-strategy/

Blog: https://marketxls.com/iron-condor-excel-template/