👀Ever watched $BTC sit in a tight range and thought, “Can I trade the non-move?”
That’s where an iron condor comes in.
You sell:
• one OTM put
• one OTM call
You buy:
• a lower-strike put
• a higher-strike call
Same expiry. Four legs. Net credit.
If price expires between the two short strikes, the options can decay and you keep the credit.
The long options cap the loss if price moves hard beyond either side.
Time decay can help.
A volatility spike can hurt.
✅Iron condors are built for a range view, not a breakout bet!
