Long Put Condor Calculator

Search a symbol to visualize the potential profit and loss for a long put condor option strategy.

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What is a long put condor?

NeutralLimited ProfitLimited Loss

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

ABCDProfitLossStock Price (at expiration)
  • Buy a put at strike A
  • Sell a put at strike B
  • Sell a put at strike C
  • Buy a put at strike D