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214: Build A Fully Automated Options Portfolio with $3,000 in 1-Click
The Option Alpha Podcast
Using the Short Call and Put Strike Recipes to Set Up Your Iron Condor Strategy
We set those recipes for each of those shoret call and short put strikes to a 20 delta. When you go in there, you can modify this in a couple clicks. We tell the bot specifically to look for positions that are exactly iron condors that are exactly three dollars wide on either side. That's so we can keep our position size in with risk around 250 dollars.
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