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…
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.…
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 —…
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…
SPY and SPX are the two most commonly used underlyings for iron condors. SPY is the S&P 500 ETF; SPX is the S&P 500 cash index. Both track the same market, but…