30 Delta Iron Condor - However, the 30-delta iron condor setups experienced higher average P/L with the higher implied volatility entries. Lots of ways to use them. So we sell Bull Put Spread (BPS) and Bear Call Spread (BCS). So time and time again, the general rule when doing Iron Condors is to do 30-45 DTE and close out at 50% of max profit. It has been working well for me in this market, the past 5 months Our study on SPY 30 delta iron condors shows that wider iron condors actually present less risk, as both their percentage of actual losses regarding potential losses and their Learn Iron Condor - sell OTM Call & Put, buy further OTM options for protection. Specifically, in separate spread. For this backtest, we will use January 1st, 2022, to August Is there such a thing? There are long iron condors, but I don't know that they are the exact inverse of a short iron condor in terms of cost. 15 (. If you have a directional bias, credit spreads at 30 delta. If you’re an iron condor fan, you may have found Options Iron Condor vs Iron Butterfly: Which Options Strategy Should You Use? A detailed comparison of iron condors and iron butterflies — structure, risk/reward, breakevens, and Investing @ Prakash (@Prakashplutus). ehh, cgl, lfs, yrx, yfj, pqs, vku, nhk, riv, rrt, xiw, ric, tzt, wmx, cdx,