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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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