An iron condor trade can minimize risk while profiting from low volatility, Don Kaufman tells Business Insider

An iron condor trade consists of two puts (one long and one short) and two calls (one long and one short), each with different strike prices but the same expiration dates. In this Business Insider story TheoTrade chief market strategist Don Kaufman explains how iron condors work, when trading them can be profitable while limiting risk, when to use them, and why they are called iron condors in the first place.

Read the full article here.

To Learn More about Iron Condors, check out this article from Brandon Chapman, CMT:

Iron Condors - The Basics