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July 29th, 2010 
Genius Part Four: Iron Condor Trading Strategy
There are as many iron condor trading strategies as there are iron condor traders. Everyone has their own preferences and style.
To create your own iron condor strategy you have to first choose the underlying. You don’t really need an iron condor screener or software program to find suitable candidates for you. Stick to Indexes and ETFs at first. As you become more experienced you can move into stocks.
Indexes and ETFs have the benefit of being composed of several companies and so the news, good or bad, of any one company will not affect the price as much. Pick one that you feel is relatively stable. Some good candidates are: SPX, SPY, RUT, IWM, DIA, QQQQ, NDX, MNX, XLE, XLF, and RTH.
Step two in creating your own iron condor strategy is to decide how far out from the money do you want to go. The farther [...]
