Condor – Trade On Earth

How an Iron Condor Became a Butterfly

April 14, 2025 by Trade On Earth

There sure are numerous ways of trading and adjusting iron condors. Today, we will look at an interesting case study where the condor ended up as a butterfly. We are not saying this is the best way to trade an iron condor. However, it always helps to look at different ways of trading and learn … Read more

Iron Condor Adjustment Strategies

March 23, 2025 by Trade On Earth

As a review, an iron condor is an out-of-the-money put spread plus an out-of-the-money call spread. Contents Here is a typical iron condor on the RUT index with the short put and short call at around 15-delta. It started out with 49 days till expiration. Put spread: Sell one contract 2175 putBuy one contract 2150 … Read more