Condor

The speaker covers the basics of the iron condor & discusses the risks of the iron condor options strategy in a volatile market and provides some alternative options strategies that could lower risk during high levels of volatility.  He suggests that the risk/reward ratio is not in favor of the trader using this strategy.

The speakers discusses the dangers of the iron condor options strategy.  He discusses how the iron condor can be detrimental to your account if the market for a particular security is trending up or down.  He also discusses how the condor is an extremely risky trade right before options expiration.

The speaker walks through a live example of trading an iron condor spread on google right before earnings take place.