Short Condor
Sell ITM + Buy Nearest ITM + Buy Nearest OTM + Sell OTM
Expectation : Volatile
Profit When : Up or Down
Risk : Limited
Reward : Limited
Upper Breakeven Pt : Higher Strike Price - Net Credit
Lower Breakeven Pt : Net Credit + Lower Strike Price
Max Profit : Net Credit
Max Loss : (Difference between consecutive strike prices - credit) * 100
OppiE's Note : A Short Condor Spread basically sells a Long Condor spread, which means that its profit and loss would be its direct opposite as well.
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