Short Iron Condor Calculator

Search a symbol to visualize the potential profit and loss for a short iron condor option strategy.

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What is a short iron condor?

High VolatilityLimited ProfitLimited Loss

The opposite of a long iron condor, and similar to a short iron butterfly, but with a wider unprofitable range and better potential profit.

If volatility increases, your chance of profit will increase as well. Time is harmful when the position is unprofitable, but helpful once it becomes profitable.

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