Iron Albatross

Advanced Condor Strategies Advanced NIFTY BANKNIFTY FINNIFTY Stock Options

Strongly Range-Bound with no major events

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Quick Reference

Strategy Type Wide Wing Condor - High Probability Income
Market Outlook Strongly Range-Bound with no major events
Risk Profile Limited but substantial (width minus credit) on either side
Reward Profile Limited credit but high probability (80-90%)
Time Horizon Monthly (30-45 DTE optimal)
Capital Requirement SPAN margin Rs.60,000-80,000 per lot, Max loss Rs.6,000-7,000
Best Used When VIX 15-20, stable market, no events for 30 days, prioritizing win rate over risk-reward

When to Use This Strategy

VIX 15-20, stable market, no events for 30 days, prioritizing win rate over risk-reward

India-Specific Notes

Lot Sizes

Stock Options Varies (check NSE)

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