Profiting with Iron Condor Options: Strategies from the Frontline for Trading in Up or Down Markets - Hardcover

Benklifa, Michael

Hardcover

ISBN 10: 0137085516 ISBN 13: 9780137085514

Publisher: Financial Times/ Prentice Hall, 2011

Synopsis

In a straightforward approach, Hanania Benklifa provides readers the practical knowledge needed to trade options conservatively in Profiting with Iron Condor Options: Strategies from the Frontline for Trading in Up or Down Markets. The objectives are simple: make 2%-4% a month staying in the market as little as possible. Market experts use option condors to consistently earn monthly returns while trading conservatively and staying in the market as little as possible. Benklifa--who manages $10+ million in condor trades each month--shows you exactly how to run these trades and earn these returns, delivering all the details you need to master every nuance of this remarkable strategy.

 

Benklifa shares option condors examples using market realities, not oversimplified abstractions. You’ll learn how to handle real-life market dynamics that can dramatically impact results, including rising and falling volatility, changing bid-ask spreads, and distorted call parity. You’ll learn how to profit in the sideways markets where condor options are most widely used--and also in extreme-trending markets that offer their own surprising opportunities.

 

Traders who focus on a specific type of trade have a history of outperforming stock pickers and directional investors. This book will give you that deep and usable level of knowledge about one of today’s most well-proven strategies: option condors.

 

About this title

Review:

 

From the Back Cover:

Use Iron Condor Options to Earn Consistent Returns Every Month with Surprisingly Modest Risk

 

“Benklifa has devised an elegant strategy to reduce risks while creating consistent profits. His strategic approach to options trading should be a part of every trader’s approach, especially in volatile markets.”

―Michael C. Thomsett, author, Options Trading for the Conservative Investor

 

“Michael Benklifa is the real deal. His insights into the iron condor strategy stem from years of trading this approach with big money in various market environments. His experience will benefit both beginning and advanced options traders wanting to enhance their knowledge of perhaps the best strategy in options trading.”

―Steve Lentz, DiscoverOptions

 

“Very few books explore a trading strategy in the kind of detail that Benklifa has applied to condors. It’s all here―trade timing, entry and exit rules, volatility effects, selection criteria, adjustments for sharp rallies and declines, and risk management, just to name a few. Unlike most trading books, this one was written by someone who has devoted years of effort to perfecting and trading the strategies illustrated in this book. That simple fact has driven Benklifa to dissect the complex dynamics of the condor trade into enough detail to fill an entire volume. Trading condors without reading this book is like going to war without a gun.”

―Jeff Augen, author, Trading Options at Expiration

 

“Too many options books lose clarity in an attempt to explain every strategy for every market condition. Benklifa avoids this pitfall by focusing on one strategy, the iron condor. Benklifa combines his lucid explanation of the iron condor with guidelines of the trading discipline needed to make it successful. The emphasis is upon profit optimization, not profit maximization. Risk and reward are given their due. He does a superb job of reducing the equation to the lowest common denominators―time, price, and implied volatility. The book provides a rock solid foundation for the understanding and application of core trading concepts.”

―Frank Fahey, in the pits for 20 years at the CBOE

 

Right now, real traders are achieving consistent returns every month, through trades that strictly limit market risk. Michael Hanania Benklifa is one of them. In this book, he shares his secret: iron condor options. Benklifa personally manages millions of dollars in condor options trades each month. Now, drawing on his unsurpassed experience, he shows exactly how to run these trades and earn these returns.

 

No abstractions or oversimplifications here! Instead, you’ll find detailed, step-by-step instructions...examples based on real market dynamics...insights into the critical nuances that will dramatically impact your trading results. Benklifa shows how to handle rising and falling volatility, changing bid-ask spreads, distorted call parity, and more. You’ll learn how to earn attractive profits from condor options in sideways markets, rising markets, falling markets, every market!

 

Creating your “zone of profits”

Planning and controlling the source and timing of your profits

 

Understanding the underlying dynamics of condor trades

Uncovering the crucial details that increase profits and reduce market risk

 

When to get in–and when to get out

Mastering patience while avoiding greed

 

Adapting your trade for diverse market environments

Earning consistent profits no matter how the market moves

About this edition

• Publisher: Financial Times/ Prentice Hall
• Publication date: 2011
• ISBN 10: 0137085516
• ISBN 13: 9780137085514
• Binding: Hardcover
• Number of pages: 208