Learn to trade options: Creating a condor call strategy

A condor call spread is an option strategy in which a trader does the following: • Buys one in-the-money call • Sells one in-the-money call with a higher strike price • Sells one out-of-the-money call • Buys one out-of-the-money call with a higher strike price All call options must have the same expiry date. This strategy is ideal for traders who want to maximize their profit potential since there's a relatively low cost required to enter into the strategy. Moreover, risk is minimal if the stock were to rise or drop significantly. Finally, unlike most strategies, the maximum loss and maximum profit can be accurately estimated. In this video, we'll explain how to construct a condor call strategy in Questrade IQ, and how to calculate your potential profit using a detailed example. Sign up for a free practice account http://www.questrade.com/platforms/free_trial.aspx Open an account http://www.questrade.com/account/online.aspx. Questrade Advantage Sign-up for the Questrade Advantage to trade single- and multi-leg options for only $6.95 + 75 cents per contract. Learn more about condor calls http://help.questrade.com/how-to/iq-web/stock-and-option-quotes/options/option-strategies/condor-call

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