Replies to post #67252 on Option Millionaires

[leemalone2k3]

I trade them. Basically an iron condor consists of two vertical credit spreads, a bull put and a bear call.It's great to use when a stock trades in a range. As long as the stock stays between the two sold strikes on expiry you keep both credits.

[Gssound]

I use iron condors on many trades monthly. Easy 10% returns.