Iron Condor
Four-leg strategy profiting from range-bound movement.
Advanced
Market Outlook
neutral
Family
multi-leg
Capital Req
medium
Risk Profile
high
Strategy Overview
Key characteristics and when to use
Structure
Bull Put Spread + Bear Call Spread
Greek Profile
Delta neutral, positive theta, negative vega
Characteristics
CreditNeutralAdvancedIncome
Profit & Loss Formulas
Mathematical breakdown
Max Profit
Net credit received
Max Loss
Wing width - net credit received
Breakeven
Short strikes ± net credit received