Iron condors every night - viable?

#1

For the past few weeks I’ve been setting up iron condors on a single indice, usually TF or YM, to run overnight. I set these up between 1-3AM and let them run until expiration most of the time. Eventually as my account grows I want to include metals and energy. My weekly gains on these have been between $130-180ish so far. I’ve felt confident enough that I want to start expanding on this, but before I do I feel I that should ask: Is this viable, or is it a case of “It works until it doesn’t”?

-Ty

#2

If you feel the IV is too high then yes…if too low then strangle…otherwise break even strategy if you just do condors assuming the market maker has the IV correct imo

#3

Use ranges set to end at expiration and to start where you enter to gelp. And use iron condor calculator to determine 1:1 loss points. If acceptable then can enter. Also use the stop trigger.