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An Unbalanced Condor; this is a trade strategy that is not well known. I’m sure it’s been around for a while, but for some reason it hasn’t caught on as popular. I’ve been studying options for numerous years now and took many popular courses that can be found on the internet. I spent nearly $50,000 on my options education, but I find it intriguing and a little misleading that most option courses don’t teach this strategy.

Why has the Unbalanced Condor been lost? Why is this strategy unheard of? To me it’s a little more obscure than the Broken Wing Butterfly, which is another strategy that most option traders don’t know how to manage. I think the reason that these strategies are not so popular is because most traders want to make money really fast. The problem with this point of view is that this causes 99% of them to lose most of their money. Remember, making money fast usually equates to losing money faster. Let’s look at a concept of making money slower and lowering our risk.

For example, how would you like to trade options in a circumstance where it’s nearly impossible to lose money in one direction, and in the other direction, there is nearly a 100% guarantee that you will make money? Doesn’t that sound ideal? And what if I told you that you can also make money on this trade if the market does not move? On paper this looks like the perfect strategy. It would seem there is no way to lose.

Sadly, it is completely possible to lose on this trade. In fact, if you don’t know what you’re doing, you can lose a lot, especially if you’re trying to make a lot of money fast, and are too aggressive with it. Being a patient trader is the secret to the Unbalanced Condor. Once you’ve mastered the patience and the simple adjustments that go along with the spread, it becomes really hard for you to lose on this trade. Your worst-case scenario would probably result in a one to two percent loss.

There are not many experts on this strategy, but it’s one of my specialties. Currently, I am not aware of much education on this strategy at all, but I’ve been developing and redefining this strategy over the last three years with my trading group. I have developed ways to lock in profits on this strategy as I make them. I have developed ways to manage this trade over different types of markets. I’ve developed ways to neutralize the Vega position on this trade while maximizing Theta. I call this trade the “Revolver” because it’s an awesome way to combat today’s unpredictable stock market.

If you want to learn all of the nuances of this rarely talked about strategy, then I highly suggest you do some research to learn more about it. It’s definitely a great way to minimize risk with options instead of trading the traditional Iron Condors that everyone else does.

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categories: option trading,stock market,finance,investing,business,money