Build a Long Call Condor Strategy

What is a long call condor?

NeutralLimited ProfitLimited Loss

Similar to a long call butterfly, but the middle options have different strikes. It has a wider profitable range than a long call butterfly, but the potential profit is lower and the maximum loss is higher.

ABCDProfitLossStock Price
  • Buy a call at strike A
  • Sell a call at strike B
  • Sell a call at strike C
  • Buy a call at strike D