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Strategy

Iron Condor

Short put spread + short call spread

What is Iron Condor?

Iron Condor A neutral income strategy: sell OTM put spread and call spread simultaneously. Maximum profit if price stays between short strikes. Popular income strategy.

Complete Definition

A neutral income strategy: sell OTM put spread and call spread simultaneously. Maximum profit if price stays between short strikes. Popular income strategy.

Example

Sell 145/150 put spread and 160/165 call spread on a $155 stock. Collect credit if stock stays between $150-$160.

Related Terms

Credit Spread Iron Butterfly Strangle

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