Iron Condor Strategy6 min
Iron Condor Performance: Q3 2025 Year in Review
Q3 2025 — July through September — is a historically interesting quarter for iron condor traders. It combines a summer slowdown in market activity, a…
Bernardo Rocha
← All posts
Iron Condor Strategy
Iron Condor Strategy7 min
Iron Condor vs the Wheel Strategy: Which Generates More Monthly Income?
The iron condor and the wheel strategy are both options income approaches, but they work in fundamentally different ways. Iron condors are pure premium plays…
Bernardo Rocha
Iron Condor Strategy7 min
Iron Condor Position Limits: How Many Is Too Many?
Running more iron condors simultaneously does not automatically improve results. Beyond a certain point, adding positions creates correlation risk rather than…
Bernardo Rocha
Iron Condor Strategy8 min
How to Trade Around Earnings Using Non-Earnings Strategies
Trading around earnings without holding through the announcement means using the earnings IV cycle to your advantage while avoiding the binary risk of the…
Bernardo Rocha
Iron Condor Strategy7 min
Iron Condor in a High-Rate Environment: Adjustments Needed
In a high-rate environment, iron condor traders collect more premium for the same strike placement. Higher interest rates increase option prices through carry…
Bernardo Rocha
Iron Condor Strategy7 min
What Are the Best Iron Condor Underlying Assets?
The best underlying assets for iron condors are SPY, SPX, QQQ, and RUT/IWM. These four check every box that matters: deep options liquidity, penny-wide bid-ask…
Bernardo Rocha
Iron Condor Strategy8 min
Best Time of Day to Open Iron Condor Positions
The best time to open iron condor positions is generally 30–60 minutes after the market open — after the initial volatility and wide bid-ask spreads of the…
Bernardo Rocha
Iron Condor Strategy7 min
How to Trade Multiple Iron Condors Simultaneously
Trading multiple iron condors simultaneously allows you to spread premium income across different underlyings or expiration dates, which can smooth returns…
Bernardo Rocha
Iron Condor Strategy7 min
Iron Condor Capital Efficiency: Maximizing Returns on Margin
Iron condors are capital-efficient strategies by design. Because they define maximum loss at entry through spread width, they require less capital than buying…
Bernardo Rocha
Iron Condor Strategy8 min
Why SPX Is Preferred Over Individual Stocks for Iron Condors
SPX (the S&P 500 index options contract) is the most widely used underlying for systematic iron condor trading, and the reasons go beyond simple preference.…
Bernardo Rocha
Iron Condor Strategy7 min
Iron Condor on Google (GOOGL): Analysis Guide
Alphabet (GOOGL) sits in an interesting middle position for iron condor traders. It has better IV characteristics than MSFT, without the extreme earnings…
Bernardo Rocha
Iron Condor Strategy7 min
Iron Condor on Microsoft (MSFT): Key Strategy Considerations
Microsoft (MSFT) is among the most liquid options markets in the world, which makes it a natural candidate for iron condor traders to consider. The key…
Bernardo Rocha