Jun 14, 2013 · With proper risk management, most of the time this goal is achievable. However, once in a while, despite all the good efforts, the Iron Condor trade can lose 40-50% and there is nothing you can do about it. To reduce the possibility of a big loss, I have few strict rules for Iron Condors: Open the trade 6-8 weeks before expiration. Options Trading Strategies: Iron Condors, Straddles and ... Options Trading Strategies: Iron Condors, Straddles and Strangles CAUTION - Free Educational Trading Videos on Stock Market from World Class Traders and Investors.