Using the news trading plan and Iron Condors, often there’s not enough min profit (premium) that’s recommended. Many GPB/USD state $30 min profit and often I’ll see $20. It’s my understanding to not take trade if min profit is not met, unless I want to risk a smaller profit range. Is this correct? Thank you.
Iron Condor clarification
skeltonmark
#2
That is correct. We do not recommend getting into the trade if you can not get the min profit. Some times you can get it and sometimes not, just have to wait for the right set up. If you choose to enter anyway and take the chance on the smaller profit potential, you can, that is up to you though. IV can change based on the time of the news release, so be sure to check it at different times as your potential can change based on the avail spreads and time till news etc