How to add “Dynamic Defense” to an Iron Condor

December 29, 2011 By: Brian Keith

Iron Condor trades are great when the price is going nowhere, as it has been over the past month or two. But consolidation leads to expansion, meaning that the price will eventually break out and move strongly. What are some things that I can do to help dynamically hedge my risk in an Iron Condor position if the price starts to really move?