Under his leadership, his online community aka the Condor Legion - places options orders in unison with his trades.
When the total volume exceeds over 10,000 contracts, they are large enough to draw significant attention and potentially influence price movements.
In many ways Captain Condor can be likened to Roaring Kitty aka Keith Gill. It underscores the power of social media.
When large volumes of certain options are traded, it can influence the implied volatility of those options and force the big institutions to adjust their hedging strategies.
For some advanced traders, the Iron Condor options strategy can be an effective tool for recurring income, especially when market conditions are expected to remain calm.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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