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
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#iron-condor
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
Platform Reviews7 min
Best Options Scanners for Finding Iron Condor Setups
The best options scanners for iron condor setups filter by IV rank, liquidity, DTE, and delta. Platforms like Tastytrade, Thinkorswim, and Market Chameleon…
Bernardo Rocha
Options Education8 min
What Is a Broken Wing Butterfly Options Strategy?
A broken wing butterfly is an options strategy that modifies the standard butterfly spread by widening one wing — either to collect a credit at entry or to…
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 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
Automated Trading7 min
How Automated Trading Handles Market Holidays and Shortened Sessions
US stock and options markets close on federal holidays. When markets are closed, no new positions can be opened or closed — and automated trading systems must…
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
Options Education8 min
What Is a Neutral Options Strategy?
What Is a Neutral Options Strategy? A neutral options strategy is one that profits when the underlying asset stays within a defined price range — not when it…
Bernardo Rocha
Options Education8 min
How to Read an Options Payoff Diagram
What Is an Options Payoff Diagram? An options payoff diagram — also called a profit and loss diagram or P&L chart — is a visual map of how an options position…
Bernardo Rocha
Market Conditions8 min
How Geopolitical Events Affect Options Volatility
Geopolitical events — wars, military conflicts, election results, sanctions regimes, and trade policy shifts — are among the most sudden sources of volatility…
Bernardo Rocha