Many traders think that predicting a stock’s direction is the best way to win with options. However, the most successful options traders think differently.
In this video clip from a recent instructional session, Gavin McMaster walks through his process for finding directionally neutral iron condor spreads using volatility metrics, probability, and technical analysis — instead of guessing which way the stock might move next. The trade target he lands on is Western Digital (WDC), but the real value is discovering his step-by-step process behind the trade.
