The iron condor spread is one of the most powerful and reliable option trading strategies around.

In lazy, quiet market conditions there is very little – if anything – to do to manage these trades other than sit there in your chair and watch your trading account grow as your 0 day risk graph line rises steadily up into the air. They are what I like to refer to as a ‘lazy’ trade – one that quite quickly kicks off a profit – as long as the underlying – and the stock market in general – behaves itself and stays contained nicely in a range.

Then again – during the quieter times in the stock market – most likely the same is true for the other ‘option income’ strategies – such as the butterfly spread trade, the calendar spread, the diagonal – and the double calendar.

But what is different about the iron condor spread – what makes this trade stand out from those others – is how it handles during the difficult months.

Since the 2008 stock market crash – the ‘normal’ option income trading strategies have been somewhat difficult to make work. Sure, all those afore mentioned trading strategies can and have worked – however through many of the months there’s been a lot more work, adjustments, annoyance, and stress involved then in past more peaceful trading times.

However – the iron condor spread – has, and continues to work incredibly well – even with volatility levels going off the map. I’ve traded calendars, and butterflies, and diagonals – and a lot of other option strategies through this more wild time in the market – and I have to say the strategy that stands out head and shoulder above the others is the iron condor spread. It’s the most robust – the most consistent – the easiest to manage – it absorbs big moves the best. It’s the trade the has given me the least amount of problems – and the most amount of profits.

Sure, I still do like – and trade – the other strategies – like the butterfly spread, the credit spread, the calendar, etc…

But the iron condor?

Oh mamma.

I get all teary eyed and emotional just thinking about it.

Hold on one moment please. Allow me to get my composure here…

Okay – what it all boils down to is this…

If a no good, slimy faced, greasy rotten crook broke into my trading lab – pointed a pistol at me – and made me choose just 1 option trading strategy I could play for the rest of my remaining life – without a doubt I would pick the iron condor spread.

I love you dear iron condor

Oh man…where’s a tissue…

If you need more information on adjusting iron condors, then you’re always welcome to check out the author’s website http://ironcondoroptionstrategy.com in which you will find all sorts of specific facts about iron condor option trading and trading iron condors.