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Iron Condors and "Flash Crash" | PowerOptions Web Log
“Flash Crash” of May 6, 2010… The market event that occurred on May 6, 2010 is now known as the “Flash Crash”. “Flash Crash” accurately describes the situation, as the market crashed for just a flash, as seen below: Over before you know it… For those not watching the market closely and not having stop orders, the “Flash Crash” happened and everything was pretty much just as before. But for investors watching the market tank and selling in a panic or for those investors with stop orders set, the “Flash Crash” was most likely a disaster. Sign up now for PowerOptions 14-day free trial Optium, Chromium and Meridian… The Iron Condor trades posted for Optium, Chromium and Meridian are configured with contingent orders for the short options. Contingent orders allow trades to execute automatically when a certain point is reached. Following execution of a contingent order, we follow-up with trades...