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Iron Condor: Theta Gang's Fortress I r/wallstreetbets
The iron condor is a phenomenal strategy for Theta Gang traders, especially those with small accounts. It is a neutral, defined-risk, defined-reward strategy.
Create one by:
1) Sell an OTM call;
2) Buy a further OTM call;
3) Sell an OTM put;
4) Buy a further OTM put.
If you are a WallStreetBets degenerate looking to upgrade to Theta Gang life, come ride the iron condor to tendie town. GUH.
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Join Theta’s Discord and hang out with Theta Gang Warriors in #frathouse and #market-talk: https://discord.gg/d4WNsTw
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My favorite finance and investing books:
Rich Dad, Poor Dad: https://amzn.to/3c3ajxI
The Intelligent Investor: https://amzn.to/39U2Yys
The Options Playbook: https://amzn.to/2HJwHOn
Join Audible and get up to 3 books/month so you can learn while you commute: https://amzn.to/2wyOsh6
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