With a belief Markets in the near/mid future will trade with in a broad range; could it be a good opportunity to make use of an Iron Condor strategy?
Use a risk/position sizing of ~2% of capital for each position.
Do a call credit spread above the share. Do a put credit spread below the share.
Profit from the time decay.
Do this over say 4 or more ASX stocks with liquid Options; (I'd love some suggestions on ASX stocks to consider for this).
Trade using IB to keep costs low.
The details of the strategy would of course need to take into consideration the minimum credit one would be happy to accept. What levels one should write the call/put spreads. What dates into the future the spreads should be written. Some method of calculating the probability of call/put expiring worthless.
I'd love to know some success/failure stories of iron condor strategies.