Long Iron Condors Screener
A long iron condor is a multiple leg strategy that combines a bear put debit spread (sell a put and buy a higher strike put) and a bull call debit spread (buy a call and sell a higher strike call) where all strikes are equidistant and have the same expiration. This position results in a net debit and max profit is realized if the underlying stock settles below the lower short put or above the higher short call at expiration. Max risk is realized if the underlying settles at or between the two inside long call and put options. This strategy has both limited profit and limited risk potential.
Mon, Dec 11th, 2023