PRASHANT GAUTAMDec 18, 2021 · 3 years ago6 answersAre there any successful traders who have used iron condors to profit from cryptocurrencies?
I'm curious if there are any traders who have successfully used iron condors to profit from cryptocurrencies. Iron condors are a popular options trading strategy that involves selling both a put spread and a call spread on the same underlying asset. This strategy aims to profit from a range-bound market where the price of the asset stays within a certain range. Given the volatile nature of cryptocurrencies, is it possible to apply this strategy and achieve consistent profits? Has anyone been able to do so?
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