This thread will discuss steps to create Iron Condor Strategy with Hedged Margin Benefit, where:
Step 1: We Buy the OTM Call and OTM Put hedge positions first to get margin benefit.
Step 2: We Sell Straddle or a Strangle after the hedge is already bought, to get margin benefit.
Step 3: We make sure to follow steps to exit the Short positions first when squaring off.
Step 4: We square off the hedges bought only after the short positions have already been squared off
