Haha yes thanks OTM, you know what I noticed just this week? If the spread is really small like .5 or 1 point, theres almost no change betw the spread when IV goes up.
Mitigate Risk - iron condor
- Thread starter EliteTraderNYC
- Start date
High probability strategies appear "better" because they satisfy "the need to be right." The other side of the "high probability" coin is "low reward, high risk"; one is an inevitable consequence of the other.
The analogy that sums it up best is "eats like a bird but shits like an elephant."
I went through the same phase where I preferred high probability setups. I've gradually moved over to high reward/risk trades. For me, it's much easier to take small losses and have more opportunities for the high reward.
However this depends on size of delta trading and time in the market and expected prob AND % return