Risk Management7 min
What Is the Sortino Ratio in Trading Performance?
Introduction The Sortino ratio is a risk-adjusted performance metric that measures return relative to downside volatility only — not total volatility. It…
Bernardo Rocha
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#iron-condor
Market Conditions8 min
How to Use VIX Futures for Options Strategy Planning
Introduction The spot VIX tells you where implied volatility is right now. VIX futures tell you where the market expects volatility to be in the future — and…
Bernardo Rocha
Options Education7 min
How to Make $2000 a Month from Automated Options Trading
Introduction $2,000 per month from automated options trading is a specific income target — and whether it's achievable depends entirely on account size,…
Bernardo Rocha
Options Education7 min
What Is the Safest Options Strategy for Consistent Monthly Income?
Introduction No options strategy is risk-free, but some are far better suited for consistent monthly income than others. The strategies that hold up over time…
Bernardo Rocha
Risk Management8 min
What Happens If My Iron Condor Hits Max Loss?
Every iron condor has a maximum loss defined at the moment you enter the trade. That number is fixed, known, and does not change. This is one of the defining…
Bernardo Rocha
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
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
Market Conditions8 min
How to Use the Expected Move in Options Trading
The expected move tells you, based on current options pricing, how far the market expects an asset to move by a given expiration date — in either direction. It…
Bernardo Rocha
Market Conditions8 min
What Is IV Crush and When Does It Happen?
IV crush is the sharp decline in implied volatility that occurs immediately after a major anticipated event — such as an earnings announcement, Fed decision,…
Bernardo Rocha