One of the ways that professional trading firms make consistent profits, regardless of the market's direction, is through Options trading. By structuring and timing Options trades with non-directional strategies, professional traders consistently make money in up and down markets.

One of the most popular non-directional Options trading techniques utilized by the savvy Wall Street trading firms are Condor Options spreads. The concept of Condor spreads is similar to how an insurance company issues an insurance policy.

Insurance companies know statistically the probability of a loss in...