Michael Phillips’ and Ernie Zerenner’s latest book, Iron Condor: Neutral Strategy for Uncommon Profit, is quickly becoming one of Marketplace Books’ top new releases of the year. Both authors as well as Marketplace Books are pleased with the popularity that the book has been enjoying. Iron Condor is the third in a series of books by Phillips and Zerenner, all of which focus on options trading strategies.
The strategy explained in this book applies most readily to the most common of all market conditions: a sideways trading market. With the uncertainty of today’s markets, it is more important than ever to have a sound investment strategy that can be put to work and perform, generating profit even in the midst of a sideways trading market.
As a combination of the bull-put credit spread and the bear-call credit spread, the iron condor has proven to be a high probability method of trading options. Phillips and Zerenner break the strategy down into the basic principles that you need to know in order to trade with it. They also take you beyond the basics with real world examples and actual mistakes they have experienced in their own trading, and that the reader can learn from. Throughout the book are diagrams, tables, and calculations that help the reader gain a better understanding of the iron condor strategy.
Together, Ernie Zerenner and Michael Phillips have over 30 years of experience trading. In 1997, Zerenner established the Power Financial Group, and later PowerOpt.com, which is one of the most commonly subscribed to trading websites in the world. In Iron Condor: Neutral Strategy for Uncommon Profit, these two professionals share with readers their secrets to trading options that they have developed over decades of experience.
To learn more about Iron Condor: Neutral Strategy for Uncommon Profit and the other books of the series, Naked Puts: Power Strategies for Consistent Profits, and Protective Options Strategies: Married Puts and Collar Spread, visit www.traderslibrary.com.
