Making a $100K a Year with Iron Condors – is it possible? Ep 233

28 thoughts on “Making a $100K a Year with Iron Condors – is it possible? Ep 233”

• How do you lose if you sell early – when is the trade making money or losing money ? how hard is it to sell if you feel the trade will go south on you? what is that risk if it is still inside the iron condor? it seems like if it falls outside the iron condor – you are wiped out and it will take years to recovery the capital! I think you should explain this further.

• Thanks for the video. I learned a lot.

• Probably not. Sounds like picking pennies in front of a steamroller

• brb home equity loan margin deeeeeeeeeep

• What do you think of the Iron Condors three times a week with the SPY ????

• Hi, I have been watching your videos lately and it seems the numbers seems a bit off on option prices, though the concept remains the same but the actual price, spread and profit are way off from the current market situation. You might wan to redo them so that they reflect perfectly with current situation. I do spread on TSLA and I realized that the spread points on POTM is far different from what it is two years ago and basing income calculation or making decision on those will probably not accurate. I enjoy all the videos it solidify the strategy I am using now. Thanks.

• Hello. I am doing something similar to this now. I sell iron condors and try to get 1/3 of what I put up as premium. So out of 10k I get 3k premium. I pick them up about 6 weeks till expiration and close them when they have 2 weeks left. Usually I can get 1k profit from doing this. I start a new batch every week, so I am using 40k to get 1k per week without taking much risk. Only about 55k a year but it works.

• If you put 80,000$+ to make 7,000 a month. What are the risk of losing?

• Genius

• There is not a guarantee play, if we are having a bad day emotionally we could blow everything in one bad trade. The advantage with the iron is the max risk but even so, sometimes (if not paying attention or closing on time) you get assigned and it has happened to the best of us. Being that said I still LOVE trading. Great info Sasha!

• So much risk

• The problem with spread is that you get nothing if it fails, NOTHING!!! I lost 10k doing spreads on SPY when the market crashed a few months ago and it sucked, I got nothing to show for that money. I would rather do a cashed secured put because I can at least hold the stock and hope for it to go back up and sell covered calls while I wait.

• What do you smoke!? This is such a misleading video! According your own numbers you mention here, just 1 or 2 losses in 2 out of 12 months would wipe out several months worth of "$7,000 per month" profits that you claim would be made! Great way to lose a $100,000 investment, forget making it!

• Other than swan events, does 10% put the trade at 16 -16 delta on the selling leg? Thanks

• dumbest video .. i would recommend to remove this one… your other videos are better

• This comment section is hilarious, so some of you is planning to make 100k/ year out of thin air? The video is lieterally about making money with Iron Condors (low risk low reward strategy)

• Dumb. Backrest this exact trade and watch what happens over the past 12mo.

• So great how much $ would you lose? If and will market go crazy you could easily lose 100% of the money you entered option with. Win 12 in a row and lose 1 done. Back to investing.

• Why not use cheaper stocks that people can afford? Example Coke, Intel, Cisco, ect and do these same methods. Also, why not show this with shorter expirations

• i don't think you need to go this large to pull 100k per year. Sticking with lower risk weeklies, 5-6 IC contracts, collecting 10-15k of premium, aiming for a 15-20% profit will get you there.

• did you use this strategy in late feb, early march? hehehe

• dude its 47& tax on day traders lol. youll need to gross 200k trading.

• One market correction, you are screwed!

• Edgar:

  "use .20 deltas and sell iron condors 3 days a week with spy, only put up 25% of your portfolio as collateral for any one trade. double your collateral each month for increased profits"

  Interesting take in respect to trading .20 Delta Iron Condor's, 3 days a week.

  If I understand what you are saying, the profit/loss diagrams on this type of trade generates a small max loss of a few bucks ( that is the good news), with a very low probability of having the SPY actually move into the iron condor's window of profitability ( that is the bad news).

  It has been my experience, it needs to move into the window of profitability near the end of its expiration, otherwise vega/gamma will not allow you to unlock the value of the credit premium until the end of the road. Additionally, there is also an early assignment risk of the short side, especially around the ex-dividend date. Then you would need to deal with that issue, either short or long.

  This type of option approach runs counter to my sensibilities for the following reasons:

  If I am putting on a spread credit trade of any type, I am looking for the underlying to be in the 50% or more IV percentile. At the present time, SPY is at 21%, which means there is a high probability within the next year SPY volatility will increase not decrease. Option prices are priced too low at a 21% IV percentile, so I m taking on more risk and lowering my ROI, if I choose to trade a credit position during this period of time. It would cause me to scale my positions up given the low premium price, increasing my overall risk.

  Additionally, when I put any types of spreads on, I would certainly prefer that volatility remain low since I place high probability trades, not low. At that time, the underlying price is in the middle of the profitability window I set up, so assuming volatility remains low, I will win 70-80% of the time. If volatility goes up, the probabilities in the initial setup start to go down and then it is time for me to make adjustments.

  In the setup you are suggesting, adjustments would not be necessary since the max loss is very limited.

  I just don't see how you could optimize your profits using this approach since over time based upon the number of occurrences (trades)
  the probabilities are not in your favor,

  In other words, the house does not have an edge. If I am selling premium, I am the house.

  One question I do have- what is the average DTE in the setups of this type?

• I almost entered a short iron condor on AMD today. I've never done an iron condor in my life !!
  OMG, I'm scared.

• This can’t be a real video

• Hey Sasha- thank you brother for all your info. You make it very understandable and you're very concise. Keep it up

• Do we exit iron condors or we let them expire to make money? Is there a difference between buyiing or selling a iron condor if se sell iron condir we make money when it goes down but remains in the range?

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