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Sell options for income an iron condor strategy 85 probability of profit kindle edition by traders boston download it once and read it on your kindle device pc phones or tablets use features like bookmarks note taking and highlighting while reading sell options for income an iron condor strategy 85 probability of profit. Sell options for income an iron condor strategy 85 probability of profit enter your mobile number or email address below and well send you a link to download the free kindle app then you can start reading kindle books on your smartphone tablet or computer no kindle device required. An iron condor is an options strategy that offers an opportunity for premium income in a controlled risk position in this seminar we will explain and explore the strategy and show you how to get started using iron condors. The iron condor is known as a neutral strategy because the trader can profit when the underlying goes up down or trades sideways however the trader is trading the probability of success against . After the strategy is established the effect of implied volatility depends on where the stock is relative to your strike prices if the stock is near or between strikes b and c you want volatility to decrease this will decrease the value of all of the options and ideally youd like the iron condor to expire worthless