Iron Condor Strategy
NeutralAdvanced4-Leg Spread
Combine bull put spread and bear call spread for neutral market outlook with defined risk.
How It Works
1
Create Put Spread: Buy put at strike A, sell put at strike B (bull put spread).
2
Create Call Spread: Sell call at strike C, buy call at strike D (bear call spread).
3
Profit Zone: Make money when stock stays between strikes B and C at expiration.
Key Metrics
Max Profit:Net Credit Received
Max Loss:Strike Spread Width - Net Credit
Lower Breakeven:Strike B - Net Credit
Upper Breakeven:Strike C + Net Credit
Best Case:Stock between strikes B and C