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Open in appOption selling has long attracted traders, and the short strangle and the iron condor are two common ways to do it on Nifty and BankNifty. This lesson compares their risk-reward trade-off and explains why many traders have moved from the strangle to the condor.
It covers what a short strangle is, its risks and the traditional adjustments, and how an iron condor collects more premium from near strikes while buying protection with out-of-the-money options. It stresses that the right choice depends on the trader.
What you’ll learn
✓What a short strangle is
✓Risks and adjustments of the short strangle
✓How an iron condor adds protection
✓Risk-reward of strangle versus condor
Read and practise
SPEAKERAnkit Rawattrainer , Quantsapp
Seasoned derivatives expert with over 6 years of experience across equities, derivatives, and commodities markets. With a proven track record of successful trading and deep market insights.
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