Iron Condor
Mastery · 8 min

Risk-reversal traps and "free" structures

When a trade looks like it costs nothing, the cost is hidden somewhere. Locating it before pulling the trigger is the difference between leverage and surprise.

In this lesson

  • The synthetic long stock trap
  • The zero-cost collar trap
  • The "easy money" credit spread trap
  • Risk reversal as a directional tool

Read the full lesson in the app

The complete lesson, with worked examples, callouts, and a quiz to test yourself, is in Iron Condor Options.

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