Iron Condor: Neutral Strategy for Uncommon Profit (Power Options: Option Trading Series)

First off, I doubt it's a coincidence that the first two reviews are 5 stars and the people that gave them have only 1 review (as of this writing). Smells like the author hit up a couple friends to leave glowing reviews. To me they are way off the mark.It's clear these authors had no idea who their target audience was going to be. They write about an advanced 4-legged option strategy but waste 20 pages on what options are and how they work. Then throughout the book they add such deep insights as the chart of time decay and how it occurs faster at the end and how you should use limit orders set midway between bid and ask instead of market orders as a way to get a better return on your trades. Who are they writing to, neophytes or experienced options traders investigating advanced strategies?Take off the first "intro to options" chapter, a review chapter at the end which is totally unnecessary, and the glossary you've got 160 pages. Then take out the few pages at the end of each chapter for the self-tests (which, big surprise here, you have to go to a Web site that's selling something to get the answers) and you've got less than 150 pages to deliver everything the book promises to deliver.A lot of what remains is poorly written and poorly edited (Chapter 6 is 2 pages long). Absolutely no discussion of any of the greeks anywhere. I would have given it two stars because they did address AM settlement and rolling but making you go to a sales-oriented Web site to get self-test answers is incredibly sleezy.Perhaps that was the whole point to begin with. While reading the book I got the impression that it was an afterthought - a sense of "we gotta come up with something" type of effort. Maybe the whole idea of the book was not to come up with a book on iron condors but a vehicle to get people to their Web site to try and get them to buy things.

This book has some good information about iron condors (and by default covers credit spreads, too). BUT, it is really an infomercial for the PowerOptions website. You can not implement many of their methods without a subscription to the PowerOptions website. Not that there's anything wrong with PowerOptions or promoting it, you should just know up front, that is the thrust of the book. BTW, PowerOptions is a great service and well worth the cost for the serious options trader. So, this book gets 3 stars for the book itself and a 4th star when combined with PowerOptions.So, if you're just tinkering with options, save your money for the next commission. If you are a serious options trader, go getchya a copy!

Very well written nice book full of very interesting Iron Condor strategies

Terrible book! Very generic and vague. This book is designed to be a teaser to get you to buy other services from Power Options.

Maybe useful for beginners not familiar with any of the terminology. A waste of money for anyone seeking helping hints / rules / pointers to "more" profitable application of the strategy.

Very detailed instruction about setting up and managing an Iron Condor option trade. With the reader's basic option knowledge, this book can teach how to make consistant income with an Iron Condor trade and set up a hedge against a catostopic loss.

I found this book too complicated. If someone is just wanting and explanation on how to use iron condors and when this is not the book . A simple explanation on what they are would only take a couple pages then when to use them and some good examples without pages of explanations would be easier to read----again just my opinion. I'm more confused after reading than I was before.

MUCH, MUCH better than Profiting with Iron condor Options. Clearly laid out and explained.

very well written

Pour traders d'options ayant déjà de bonnes bases.Rédaction claire, anglais technique accessible, paramètres recommandés sur base de trades sur longue période permettant de se lancer sur cette stratégie.