My principle strategy for trading Weekly Index Options uses 2 sigma Iron Condors: Short Calls 2 standard deviations above the market and the Long Calls the next strike price higher; Short Puts 2 standard deviations below the market and the Long Puts the next strike price lower. This is called 2 Sig Iron Condors.
I have developed a procedure to make a Weekly Profit using Iron Condors. My objective is to show you how to make a weekly profit of $150 week with 2 Condors. As your capital increases with trading profits, then you increase the number of Condors. Then your weekly profit increases as the capital grows. For example: if the capital in your broker account permits 4 condors, then the weekly profit would increase to $300 per week.
The weekly profit per Capital = $150/$2000 = 7.5% per week.
SelfAdapSPXweeklyVLTY is the name of my software which I use to generate weekly Profits.
This book describes how to use the TradeMonster real-time SPX weekly option quotes. My Software: SelfAdapSPXweeklyVLTY computes the Strike Prices used for the weekly option trades. If you have another source for real time SPX weekly option quotes, then that source can be used instead of the TradeMonster source.
You must have a minimum of $2000 in your broker account to do Weekly Iron Condor trading. This book recommends starting with $2500 and presents a Capital Growth Model that shows that, using the trading procedure herein, this Initial Capital of $2500 could grow to $300,000 in 2 Years.
Weekly Index Options became available on the Chicago Board of Options Exchange in 2003. I have watched this type of Options Trading evolve as more investors used weekly trading. I have changed my trading software to reflect this evolution. I made my software simpler by limiting it to SPX for the weekly options trading.
I have developed a procedure to make a Weekly Profit using Iron Condors. My objective is to show you how to make a weekly profit of $150 week with 2 Condors. As your capital increases with trading profits, then you increase the number of Condors. Then your weekly profit increases as the capital grows. For example: if the capital in your broker account permits 4 condors, then the weekly profit would increase to $300 per week.
The weekly profit per Capital = $150/$2000 = 7.5% per week.
SelfAdapSPXweeklyVLTY is the name of my software which I use to generate weekly Profits.
This book describes how to use the TradeMonster real-time SPX weekly option quotes. My Software: SelfAdapSPXweeklyVLTY computes the Strike Prices used for the weekly option trades. If you have another source for real time SPX weekly option quotes, then that source can be used instead of the TradeMonster source.
You must have a minimum of $2000 in your broker account to do Weekly Iron Condor trading. This book recommends starting with $2500 and presents a Capital Growth Model that shows that, using the trading procedure herein, this Initial Capital of $2500 could grow to $300,000 in 2 Years.
Weekly Index Options became available on the Chicago Board of Options Exchange in 2003. I have watched this type of Options Trading evolve as more investors used weekly trading. I have changed my trading software to reflect this evolution. I made my software simpler by limiting it to SPX for the weekly options trading.
