Options Strategy Labs: 2007

Recent Option Labs have tested several non-directional options strategies (e.g., calendar and butterfly spreads) on the S&P 500. This system tests a similar position called an iron condor, a non-directional strategy composed of four options with the same expiration month. The trade combines two vertical credit spreads: a bear call spread (short out-of-the-money call + long, higher-strike call) and a bull put spread (short out-of-the-money put + long, lower-strike put).