Iron Condors
What It Is
A bull put spread + a bear call spread. Earns income when stock stays in a range.
Risk Level
🟡 Medium (Defined Risk)
Capital Required
$100–$1,000 per condor
When to Use
- Sideways markets
- Clear support/resistance ranges
- ETFs like SPY, IWM, QQQ
When to Avoid
- Trendy markets
- Earnings weeks
Progression Fit
Later-stage income strategy (10k–100k).