Iron Condor Strategy8 min
What Is Assignment Risk in Iron Condors?
Assignment risk is the possibility that an option holder will exercise their option, forcing you (as the option seller) into a stock or cash position you…
Bernardo Rocha
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Iron Condor Strategy
Iron Condor Strategy9 min
How Theta Decay Benefits Iron Condor Sellers
Theta decay is not an edge in itself — it's a mechanism. The edge comes from understanding how that mechanism works in an iron condor and positioning correctly…
Bernardo Rocha
Iron Condor Strategy8 min
Iron Condors with Weekly Expirations: A Practical Guide
Weekly options expiration cycles changed how income traders approach iron condors. Before weekly options became widely available, most iron condor traders…
Bernardo Rocha
Iron Condor Strategy8 min
SPX vs SPY for Iron Condors: Which Is Better?
SPX and SPY both track the S&P 500. For most investors, they're interchangeable. For options traders running iron condors, the differences are meaningful —…
Bernardo Rocha
Iron Condor Strategy8 min
Iron Condor on SPX: Why It's the Most Popular Underlying
SPX options are the most actively traded options in the world, and iron condor traders have a specific set of reasons to prefer them over alternatives like…
Bernardo Rocha
Iron Condor Strategy8 min
What Happens to an Iron Condor at Expiration?
At expiration, an iron condor produces one of three outcomes: all four options expire worthless and you keep the full premium, the underlying closes past a…
Bernardo Rocha
Iron Condor Strategy7 min
How to Set Alerts for Your Iron Condor Positions
To set alerts for iron condor positions, configure four triggers per trade: a price alert when the underlying reaches 50% of the distance to a short strike, a…
Bernardo Rocha
Iron Condor Strategy9 min
Iron Condor Historical Performance: What the Data Shows
The iron condor is one of the most studied options strategies in retail trading. Decades of published research give us a reasonably clear picture of how it…
Bernardo Rocha
Iron Condor Strategy8 min
How to Backtest an Iron Condor Strategy
Backtesting is how traders validate a strategy before putting real capital at risk. For iron condors — a defined-risk options strategy that profits when the…
Bernardo Rocha
Iron Condor Strategy8 min
Iron Condor Entry Timing: Morning vs Afternoon
When you enter an iron condor, the amount of premium you collect and the quality of your fill depend in part on when you place the order during the trading…
Bernardo Rocha
Iron Condor Strategy7 min
Iron Condor vs Cash-Secured Put for Monthly Income
Two of the most commonly used options strategies for generating monthly income are the iron condor and the cash-secured put (CSP). Both generate income through…
Bernardo Rocha
Iron Condor Strategy7 min
Iron Condor Performance: Q1 2025 Review
Q1 2025 was a high-volatility quarter for iron condor traders. The VIX averaged above 20 for much of the quarter, multiple intraday swings of 3–5% tested…
Bernardo Rocha