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Kal's Option Trade of the Week - SPY Iron Condor

The market has been tanking pretty hardcore over the last few months, and especially in the last week. 

Because of that, volatility around all the Index ETFs is running high. 

When market volatility is running high, I prefer to stay away from individual stocks and stay in the ETFs, which are generally much less volatile (price-wise) over just individual stocks. Why? Because the SPY ETF is 500 stocks rolled into one ETF. 

Obviously, 500 stocks as a whole are usually going to move a lot less than any individual stock might move. So, we'll go the the index with the highest volatility right now, which is SPY, and throw on an Iron Condor.
 
Happy trading! Kal :)


Trading Risk Disclaimer 
All the information shared in this video is provided for educational purposes only. Any trades placed upon reliance of SharperTrades.com are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, commodities, options and forex, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. This is not an offer to buy or sell stocks, forex, futures, options, commodity interests or any other trading security.

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