๐๐๐Captain Condor aka David Chau has a huge legion of over 1,000 members who follows his "Iron Condor" strategy.
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.
@OptionsTutor @Tiger_comments @TigerStars @CaptainTiger
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