Build a Short Put Condor Strategy
What is a short put condor?
DirectionalLimited ProfitLimited Loss
Similar to a short put butterfly, but the middle options have different strikes. It has a wider unprofitable range than a short put butterfly, but the potential profit outside of that range is higher and the maximum loss is lower.
- Sell a put at strike A
- Buy a put at strike B
- Buy a put at strike C
- Sell a put at strike D