170: SPX Iron Condor Setup

In this episode, I’m walking through an SPX Iron Condor setup I’m pricing out as volatility continues to rise and the market dips below key moving averages.

Here's the link the video version: https://youtu.be/0NAAbb6bbcI

When volatility spikes, option premiums expand — and that’s when I like to sell Iron Condors on SPX for wider ranges and better credits. I’ll break down:

✅ How I’m positioning this Iron Condor between recent highs and lows

✅ Entry criteria and credit received (~$3.25 on 10-wide wings)

✅ How to calculate max profit and max loss

✅ My profit-taking plan (~30%) and adjustment ideas if SPX moves sharply

✅ Why higher VIX levels can offer better Iron Condor setups

Whether you’re learning to trade index options or refining your Iron Condor strategy, this walkthrough gives you a practical framework to plan your trades in higher volatility environments.

📊 Tools Mentioned: AlphaCrunching.com — data-driven SPX options setups and backtested strategies.

🎯 Related Topics:

SPX Iron Condor strategy for volatile markets

SPX options trading explained

Selling premium when VIX spikes

Managing Iron Condors and rolling spreads

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