Build Your First Iron Condor
Visualize profit/loss, breakevens, and Greeks in real-time
What is an Iron Condor?
An Iron Condor is a neutral income strategy that profits when the underlying stock stays within a range. It's one of the most popular strategies for generating monthly income from options.
The Setup (4-Leg Strategy):
- Sell 1 OTM Put (collect premium)
- Buy 1 Further OTM Put (protection)
- Sell 1 OTM Call (collect premium)
- Buy 1 Further OTM Call (protection)
Result: You collect net premium upfront and profit if the stock stays between the two sold strikes.
Try Building Your First Iron Condor
Our visualizer shows real-time P/L, breakevens, Greeks, and risk metrics