Build a Long Put Condor Strategy
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.
- Buy a put at strike A
- Sell a put at strike B
- Sell a put at strike C
- Buy a put at strike D