Long Call Condor
Range-bound strategy with wider profit zone than butterfly.
Advanced
Market Outlook
neutral
Family
multi-leg
Capital Req
medium
Risk Profile
low
Strategy Overview
Key characteristics and when to use
Structure
Buy Call + Sell Call + Sell Call + Buy Call
Greek Profile
Delta neutral, positive theta, negative vega
Characteristics
DebitNeutralAdvancedRange-Bound
Profit & Loss Formulas
Mathematical breakdown
Max Profit
Inner wing width - net debit
Max Loss
Net debit paid
Breakeven
Inner strikes ± net debit