Short Call Condor Calculator

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What is a short call condor?

High VolatilityLimited ProfitLimited Loss

Similar to a short call butterfly, but the middle options have different strikes. It has a wider unprofitable range than a short call butterfly, but the potential profit outside of that range is higher and the maximum loss is lower

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