Iron Condor Calculator
Iron Condor
Calculate the max profit, max loss, and breakeven points for an iron condor options strategy
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Formula
Max Profit = Net Credit x Contracts x 100; Max Loss = (Wing Width - Net Credit) x Contracts x 100
Frequently Asked Questions
What is an iron condor?
An iron condor is an options strategy that combines a bull put spread and a bear call spread to profit from low volatility within a price range.
When is an iron condor profitable?
An iron condor is profitable when the underlying price stays between the two breakeven points at expiration.