Does anybody trade iron condors?

The markets are consolidating right now, and as mentioned before, my strangle plays are really starting to feel it. Three of my four open trades have just over a month of time left before I have to bail on them. Which is still enough time if the markets make a decisive move soon. This is the second time this year, that I've had this problem. The one weakness of strangles is stocks that run flat.

I've been trying to figure out a good way to hedge against that weakness, and the only strategy I know of would be iron condors. I took a 4hr class on trading iron condors, but it covered one specific type of iron condor that the instructor call a "siamese condor". Both options that were sold-to-open were at the same strike, so your spreads were joined at the hip. This allows for very little movement (VIX <20), style="font-weight: bold;">

Do any of you all trade iron condors (IC)? I know you can trade them with a larger spread, I just don't have the training or the experience yet. For example the SPX has been channeling between ~850 and ~1000, so I'm wondering if there is a way to setup an IC to work with that. If anybody is actively trading ICs, I'd like to hear how they are working for you right now. And if you are a fellow blogger I'd welcome a guest post, if you are interested.

Updates
AMZN (Jan 40P/65C) touched the lower bollinger band today, but then rose back up at the end. I'm almost profitable on the put, which is good because the stock is still $6 above my put strike. That means the delta (rate of option value increase relative to stock movement) will be increasing quite a bit if the stock drops farther. A few days of downward movement and I should be able to get out with my profit.

FDX (Jan 60P/80C) has been pretty frustrating. It has had a big rally the last couple of weeks, but now I'm sitting at a loss on both the put and the call. I'm almost wishing that I had sold the put back on 10/29 when it bounced like I mentioned in my update. But looking back at it, even with this nice rally I think I'd still be in the hole a little bit. Overall I did the right thing with the market uncertainty and all. It's just frustrating to watch a stock make big moves and not gain anything. We shall see what happens, but I suspect a test of resistance in the $70 area.

MS (Apr 15P/20C) has been channeling between ~15 and ~20 for a while now. I have the April options, so I have tons of time left on this one.

SLB (Jan 55P/65C) has been forming a flag pattern, which is usually a continuation pattern. It's sitting on the lower limit of the flag now, so if we see a drop on increased volume tomorrow it would be a confirmation. I'm finally profitable on the put as of today, but the call has a loss of 87%. The good news is that the call can't lose much more, so any drop from here on out should be good profits.