Condor Options and Iron Condor - Options Trading Newsletter!

It is great to learn something each day. As you might derive from my blogs Arkansas - A Great Place to Live, Life in Ameirca and my alter ego Blog of Hillbilly Willy, I am aproaching what I would like to be an early retirement. The problem is everyday as I review my investments and my after retirement income - the idea seems to be slipping away.

Well, many days I am researching on the internet ways to make more money for retirement. Well today I discovered the term iron condor as it relates to investments.

What does this mean you ask:

This is n advanced options strategy that involves buying and holding four different options with different strike prices. The iron condor is constructed by holding a long and short position in two different strangle strategies. A strangle is created by buying or selling a call option and a put option with different strike prices, but the same expiration date. The potential for profit or loss is limited in this strategy because an offsetting strangle is positioned around the two options that make up the strangle at the middle strike prices.

Sounds great - but now what you ask?

Well, I have found a website called Condor Options that offers a newsletter and all that you would need to make this type of strategy happen.

Here are their exact words about their offer and what they can do for you!
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We provide a strategy for anyone who's tired of trying to pick good stocks, who hates trying to figure out complicated charts, and who can never tell which way the market is going from one day to the next. Our strategy doesn't care about individual stocks, it doesn't require any complicated analysis, and most importantly, it makes money no matter which direction the market goes.

Most of the time, market indexes trade in a range. They move up a little, down a little, and often stay relatively flat. The sole purpose of the iron condor options strategy is to profit from this tendency markets have to bounce around: we figure out the likely range in which the major indexes will move within a given month, and sell some options at the top of that range and the bottom of that range. This brings in a credit, meaning that we basically get paid for predicting that markets will do what they statistically tend to do (i.e. bounce around).

This strategy doesn't require any special knowledge, or any real prior experience with options. In fact, it's a perfect way to bring in income and to hedge an existing stock portfolio. This strategy was originally developed by professional floor traders who wanted to balance their portfolios and reduce their risk while still bringing in income, and those are our goals as well. Some people think of options as speculative or risky, and in many cases they're correct. But this strategy is actually safe and relatively conservative, and the results speak for themselves: over the past 6 months - some of the craziest months in recent history - over 80% of our trades have been winners, and our average return per trade is over 23.9%.

We offer autotrading with two of the best options brokers around, which means that you can have the broker automatically trade the positions that we publish. Another nice thing about this strategy is that it doesn't require much capital: you could easily follow our approach with $5000 or even less.
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Maybe you should investigate this idea of iron condor