180: Trading Wide Iron Condors in High Volatility (with Brian Terry)
About this episode
Eric O'Rourke and Brian Terry discuss trading wide iron condors in high volatility markets, focusing on risk management and strategy adjustments.
In this episode, Eric O’Rourke is joined by Brian Terry from the Conservative Options Income Network (COIN) to break down a recent SPX iron condor trade that caught attention for its unusually wide structure. With volatility elevated and market conditions shifting, Brian walks through how he constructed a 7-day iron condor nearly 600 points wide—while still keeping defined risk and a high probability of success. The discussion covers how iron condors work, why wider strikes can make sense in high VIX environments, and how to think about risk, adjustments, and profit targets. They also dive into: Why Brian targets ~50% profit and exits early How to manage trades when one side gets challenged The pros and cons of rolling vs. closing one side Using iron condors as a “campaign” strategy in volatile markets The role of discretion vs. systematic trading Eric also shares how this type of neutral strategy can complement Alpha Crunching systems, especially when bullish setups are paused during bearish market conditions. If you’ve ever wondered how to trade iron condors in volatile markets—or how to stay active when directional strategies aren’t triggering—this episode is packed with…
More episodes of Stock Market Options Trading
- 186: This Week in Options Trading - Market at Highs… Now What?
- 184: This Week in the SP500: Market Holding Strong Near Highs
- 183: This Week in Options Trading: Back Above 6900—Now What?
- 182: 3 Reasons the Stock Market May Have Bottomed
- 181: This Week In Options Trading: What's Working Right Now
- 179: How To Make $100 Per Day Selling Options
Explore listener stats, chart rankings, contacts and more on the Stock Market Options Trading podcast page.