Iron Condor: Theta Gang's Fortress I r/wallstreetbets

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5 years ago
17

The iron condor is a phenomenal strategy for Theta Gang traders, especially those with small accounts. It is a neutral, defined-risk, defined-reward strategy.

Create one by:
1) Sell an OTM call;
2) Buy a further OTM call;
3) Sell an OTM put;
4) Buy a further OTM put.

If you are a WallStreetBets degenerate looking to upgrade to Theta Gang life, come ride the iron condor to tendie town. GUH.
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Sample Henchman Post: https://www.patreon.com/posts/33615008
Sample OG & Lancer Post: https://www.patreon.com/posts/33569350

Thank you to the OGs, Lancers, and Henchmen who already joined and make these videos a reality.
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