About Iron Condor Buddy
The Options Trading Buddy You've Been Looking For
Iron Condor Buddy is a simple MVP web application designed to help beginner traders understand and visualize iron condor options strategies with the help of AI. No need to flip back and forth between ChatGPT, Gemini or other tools and manually enter data. No need to work on your prompt skills.
Key Features
- Visual Payoff Diagrams: Illustrate profit/loss scenarios across price ranges
- Risk/Reward Analysis: Understand the relationship between risk and potential profit
AI-Enhanced Coaching
The site provides recommended trades and AI commentary that explains trade structures, highlights potential considerations, and offers educational insights about market context—all to support your learning process.
Your View Matters
Iron Condor Buddy is a powerful educational tool, but you bring the most important element: your market outlook. The platform works best when you have:
- A perspective on expected price movement
- Knowledge of upcoming market events
- Understanding of volatility conditions
- Clear risk tolerance parameters
How to use Iron Condor Buddy
Ask it questions about the recommended trade
- Update the AI with real time info and ask for updated break even prices or risk reward ratio
- Ask it why you should / should not do the trade
- Ask for exit points or things to look out for during the trade
- Ask it how to adjust trades to be delta neutral
- Ask it to clarify anything you don't understand IV Skew, Vol, etc..
Learn Options Trading
Expand your knowledge with our comprehensive educational resources:
Getting Started
- Options Trading Explained for Beginners - Start here if you're new to options
- What is a Call Option? - Understanding call options
- How Does a Put Option Work? - Understanding put options
- Options Trading Terminology Cheat Sheet - Essential terms explained
Advanced Topics
- Option Greeks for Beginners - Master Delta, Gamma, Theta, and Vega
- Top Options Trading Strategies 2025 - From basic to advanced strategies
Tools & Resources
- Best Options Trading Platform for Beginners - Compare Think or Swim, Fidelity, and more
- Options Trading Book Reviews - Recommended reading for traders
AI & Technology
- Using AI in Options Trading - How AI is transforming options trading
- AI Trading Tools Review - Reviews of Xynth, Rallies.ai, and other AI tools