Iron Condor Pin Risk: A Naked Short at Expiration
Options involve risks and are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses. Please read Characteristics and Risks of Standardized Options before investing.
Supporting documentation for any claims, comparison, statistics, or other technical data will be supplied upon request.
This material is intended for informational purposes only and should not be considered a personalized recommendation or investment advice. Investors should review investment strategies for their own particular situations before making any investment decisions.
Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.
Commissions, taxes, and transaction costs are not included in this discussion but can affect the final outcome and should be considered. Please contact a tax advisor for the tax implications involved in these strategies.
With long options, investors may lose 100% of funds invested. Multiple leg options strategies will involve multiple commissions. Spread trading must be done in a margin account. Writing uncovered options requires a margin account and involves potentially unlimited risk.1122-2CSW