There are different ways to structure an iron condor, and it’s not a one-size-fits-all strategy. You might consider “legging” into an iron condor or adjusting the number of contracts on each side to balance risk. For example, if you’re selling six contracts, you could place all six on the put side and only three on the call side to mitigate the risk of a bounce.
If you’re interested in learning more, just send me a quick message, and I’ll send over a free worksheet on different iron condor strategies.
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